School Employees Retirement System (SERS) of Ohio has approved a $100 million commitment to the TPG Capital Rise Climate fund, according to recent board meeting minutes.
Launched in early 2021, TPG Rise Climate fund is constructing a portfolio of companies that can enable carbon aversion in a quantifiable way. The fund takes a broad sector approach, ranging from growth equity to value-added infrastructure, and focuses on five climate subsectors, including clean energy, enabling solutions, decarbonized transport, greening industrials, and agriculture and natural solutions.
In other news, SERS’ total fund returned 5.49 percent for the quarter and 26.76 percent for the fiscal year, the highest return since 1985.
When compared to other U.S. pension funds, SERS’ total fund performance ranks in the top quartile over the three-year period, top 14 percent in the
