TPG, a leader in private equity focused on climate solutions, aims to raise $8 billion for its second Rise Climate Fund II, with a hard cap of $10 billion. As of December 2023, the fund has already raised nearly $4.7 billion. TPG’s Rise Fund, initiated in 2016, targets investments that yield both social impact and financial returns, with a focus on low-carbon revenue-generating companies in North America and Europe. The firm has also launched the Global South Initiative for emerging markets. Notably, TPG is committed to addressing the substantial capital needed for global decarbonization, estimating it at around $6.5 trillion annually.
Previous