TPG Inc-美国股票招股说明书（2025年5月21日版）

21,000,000 Shares of ClassA Common Stock The selling stockholder identified in this prospectus supplement is offering 21,000,000 shares of ClassA common stock, par value $0.001 pershare (the “ClassA common stock”), of TPG Inc. (the “Company”). The Company’s ClassA common stock is listed on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “TPG.” On May19,2025, the last sale price of the ClassA common stock as reported on NASDAQ was $50.83 per share. The Company is not selling any shares of ClassA common stock under this prospectus supplement and will not receive any proceeds from the saleof shares by the selling stockholder. Public offering price $47.25$992,250,000Underwriting discount(1)$0.68$14,280,000 (1)See “Underwriting” for a description of compensation payable to the underwriter. Investing in our ClassA common stock involves risks. See “Risk Factors” beginning on pageS-5and in thedocuments we have incorporated by reference herein. Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of thesesecurities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense. The underwriter expects to deliver the shares of ClassA common stock on May 22, 2025. J.P. Morgan TABLE OF CONTENTS Prospectus Supplement ABOUT THIS PROSPECTUS SUPPLEMENTTERMS USED IN THIS PROSPECTUS SUPPLEMENTWHERE YOU CAN FIND MORE INFORMATION; INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCECAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS ABOUT THIS PROSPECTUSWHERE YOU CAN FIND MORE INFORMATION; INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE ABOUT THIS PROSPECTUS SUPPLEMENT This document consists of two parts. The first part is this prospectus supplement, which describes the specific terms of this offering andsupplements information contained in the accompanying prospectus and the documents incorporated by reference in this prospectus supplement and theaccompanying prospectus. The second part is the accompanying prospectus, which describes more general information, some of which may not apply to Any statement made in this prospectus supplement, the accompanying prospectus or in a document incorporated or deemed to be incorporated byreference in this prospectus supplement will be deemed to be modified or superseded for purposes of this prospectus supplement to the extent that astatement contained in this prospectus supplement or in any other subsequently filed document that is also incorporated or deemed to be incorporated by None of the Company, the selling stockholder or the underwriter has authorized anyone to provide you with any information or to make anyrepresentations about anything not contained or incorporated by reference in this prospectus supplement, any accompanying prospectus or in any free None of the Company, the selling stockholder or the underwriter is making an offer to sell or soliciting offers to buy these securities in anyjurisdiction where, or to any person to whom, the offer or sale is not permitted. The information contained or incorporated by reference in thisprospectus supplement, the accompanying prospectus and any free writing prospectus that we may provide you in connection with this offering or otheroffering material filed by us with the SEC is accurate only as of the date of those documents or such information, regardless of the time of delivery of For investors outside the United States: neither we nor the selling stockholder have done anything that would permit this offering or possession ordistribution of this prospectus supplement, the accompanying prospectus or any free writing prospectus we may provide to you in connection with thisoffering in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to TERMS USED IN THIS PROSPECTUS SUPPLEMENT As used in this prospectus supplement, unless the context otherwise requires, references to: •“TPG,” “the Company,” “we,” “our” and “us,” or like terms, refer to TPG Inc. and its consolidated subsidiaries taken as a whole.•“Alabama Partnerships” refers, collectively, to Alabama Investments (Parallel), LP, a Delaware limited partnership, Alabama Investments(Parallel) Founder A, LP, a Delaware limited partnership, and Alabama Investments (Parallel) Founder G, LP, a Delaware limitedpartnership.•“ClassA Free Float” refers to the shares of ClassA common stock issued and outstanding as adjusted to include only those shares that theCompany determines are free float, consistent with the index policy, methodology or guidance, whether written or oral, of the FTSERussell and any related or successor entities.•“ClassA common stock” refers to our ClassA common stock, par value $0.001 per share, which entitles the holder to one vote per share.•“ClassB common stock” refers to our ClassB common stock, par value $0.001 per share,