Tetragon Financial Group Limited is an alternative investment firm established in 2005. The company operates a closed-end fund structure to generate distributable income and capital appreciation, utilizing permanent capital to invest across diverse asset classes. Its strategies include event-driven arbitrage, legal assets, life sciences, artificial intelligence, and machine learning. The firm also invests in general partner stakes in asset management businesses, digital assets, mining and resource finance, infrastructure, and venture capital. Tetragon maintains a platform to collaborate with entrepreneurial Chief Investment Officers seeking to build differentiated asset management businesses. The company was originally launched with a focus on credit assets and publicly listed its close-ended fund in 2007 to secure long-term capital. In 2012, Tetragon acquired Polygon, a multi-strategy hedge fund management business co-founded by its leadership. The firm reports to investors on a fair value basis and maintains a documented exit strategy for all investments.

Summarised from the company's own disclosures, fiscal year ended Dec 2025

Industry Asset Management Homepage tetragoninv.com
Sector Financial Services IR page tetragoninv.com
Tags
alternative investments, closed-end funds, event-driven arbitrage, legal assets, life sciences, artificial intelligence, machine learning, venture capital, infrastructure, digital assets, mining finance, credit assets, Polygon, Westbourne River Partners
Press page —

Metrics

Valuation  
Market cap $ 1.178B
P/E 1.68
P/BV 0.30
P/S 2.93
P/OCF —
P/FCF —
Dividend yield 2.6%
Turnover / mcap —
Returns  
ROE 20.7%
ROI 18.7%
ROIC 14.6%
Profit margin 71.0%
Growth  
Revenue growing Yes
Profits growing Yes
Revenue up 3y Yes
Revenue up 5y No
Quality  
Profitable Yes
Margin expanding Yes
Buying back stock No
Diluting (TTM) Yes
Podcast bulls (TTM) Sign up
Podcast bears (TTM) Sign up
Podcast sentiment (TTM) Sign up
Podcast sentiment % (TTM) Sign up
News sentiment (TTM) 0
Quality score 52.9%
Insiders  
Buys, 1w Sign up
Buys, 1m Sign up
Buys, 1y Sign up
Sells, 1w Sign up
Sells, 1m Sign up
Sells, 1y Sign up

Sign up to see this company's insider trades

Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue 1.027B 521M 240.7M 62.9M 609.6M 306.4M
Net profit 729.6M 352.2M 141.1M -32.1M 418.2M 171.1M

Sign up to see institutional holdings

Sign Up

Podcast Mentions

Sign up to see podcast mentions and sentiment

Sign Up

Prompts

Tetragon Financial Group Limited (ticker TFG), listed in Netherlands.

Securities

Ticker Type Class Market Exchange Last price Price date
TFG Common share — GB lse — —
TFGS Common share — GB lse — —
TFG canonical Common share — NL euronext 14.08 USD 2026-09-01