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
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News sentiment (TTM) 0
Quality score 52.9%
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Figure FY 2025 USD FY 2024 USD FY 2023 USD FY 2022 USD FY 2021 USD FY 2020 USD FY 2019 USD FY 2018 USD FY 2017 USD FY 2016 EUR FY 2015 USD FY 2014 USD FY 2013 USD FY 2012 USD FY 2011 USD
Revenue 1.027B 521M 240.7M 62.9M 609.6M 306.4M 402.5M 289.1M 200M 0 70.2 81.1 74.336M 36.704M 23.105M
Net profit 729.6M 352.2M 141.1M -32.1M 418.2M 171.1M 288M 241.5M 167.8M 125.9M 167 119.5 293.228M 448.399M 536.595M

Figure FY 2025 USD FY 2024 USD FY 2023 USD FY 2022 USD FY 2021 USD FY 2020 USD FY 2019 USD FY 2018 USD FY 2017 USD FY 2016 EUR FY 2015 USD FY 2014 USD FY 2013 USD FY 2012 USD FY 2011 USD
Share price 19.08 10.25 9.9 — 9.93 9.77 — — — — — — — — —
Price performance 12m 0.86 0.04 — — 0.02 — — — — — — — — — —

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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