TPG Rise Climate Fund

TPG Rise Climate Fund is a prominent global investor dedicated to accelerating climate solutions, operating as a core component of TPG's broader impact investing platform, The Rise Fund. Based in San Francisco, this specialized fund was established to deploy significant capital towards companies and projects that are actively addressing climate change across various sectors. Its inaugural fund, TPG Rise Climate I, successfully closed in 2022 with over $7 billion in commitments, underscoring its substantial financial capacity and the market's confidence in its mission.

The fund's investment strategy is highly focused, targeting businesses that offer scalable and innovative solutions within five key pillars: clean energy, enabling solutions, carbon solutions, sustainable food and fiber, and new mobility. TPG Rise Climate seeks to partner with companies that are beyond the early-stage, typically providing growth equity and strategic capital to mature or rapidly expanding enterprises. This approach allows the fund to support the commercialization and widespread adoption of technologies and business models critical for decarbonization and climate resilience.

TPG Rise Climate is known for making substantial investments, often taking lead positions in funding rounds. Its typical first cheque size reflects its focus on scaling significant climate impact, generally ranging from $100 million to $500 million, though it can participate in larger syndicated deals or make follow-on investments. For instance, the fund has led significant rounds for companies like Carbon Direct, investing $300 million, and Climavision, with a $200 million investment, showcasing its commitment to deploying considerable capital to drive growth in its portfolio companies. The fund leverages TPG's extensive operational expertise and global network to help its portfolio companies achieve both financial success and measurable environmental impact.