TPG Rise Climate Fund first close — climate impact private equity fund (target $7B hard cap)
Largest climate-focused PE fund first close at the time. Hank Paulson (Exec Chairman); Jim Coulter (Managing Partner). Final close expected Q4 2021. TPG Rise Climate later led major investments including Form Energy, Intersect Power, and Nextracker.
$5.40B
Deal Value
Mixed
Technology
CA
Location
Deal Details
- Deal Type
- Fund Close
- Seller / Sponsor
- TPG Rise Climate (TPG Inc.)
- Buyer / Financier
- Allstate, AXA, The Hartford, Ontario Teachers Pension Plan Board, Public Investment Fund, plus 20+ companies
- Deal Value
- $5.4B (first close)
- Stage
- Fund
- ISO/RTO
- Multiple
- Source
- Business Wire
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