Exclusive: TPG rolls out $10 billion climate fund
Semafor · Tim McDonnell ·
The fund invests in companies in clean power, energy services and technology, low-carbon transportation, and industrial decarbonization.
The News
Private equity giant TPG has already invested nearly one third of a $10 billion climate-focused fund it closed less than a month ago, executive chairman Jim Coulter told Semafor. The fund, Rise Climate II, invests in companies in clean power, energy services and technology, low-carbon transportation, and industrial decarbonization in the US and Europe, as well as in emerging markets in South Asia and elsewhere. Between Rise II and TPG’s other climate-related funds, the firm controls one of the world’s largest pools of clean tech capital. And it seems to be paying off: TPG reported today a 33% boost in its third-quarter net income.
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