TPG Capital has secured $6.8 billion for its TPG Rise Climate Fund, according to a filing with the SEC, garnering the support of 167 investors.
TPG Rise Climate was launched in early 2021 and will take a broad sector approach, ranging from growth equity to value-added infrastructure, and focus on five climate subsectors: clean energy, enabling solutions, decarbonized transport, greening industrials, and agriculture and natural solutions.
In July 2021, TPG Rise Climate Fund held its first closing with $5.4 billion in subscriptions from
some of the world’s largest institutional investors, including Allstate, AXA, The Hartford, Ontario Teachers' Pension Plan Board, Public Investment Fund, Public Sector Pension Investment Board, School Employees Retirement System of Ohio, Silk Road Fund, State of Michigan Retirement System, Universities Superannuation Schem