TPG raises $7.3 billion for climate fund in clean energy and sustainability push
TPG Inc (NASDAQ: TPG) on Wednesday said it had raised $7.3 billion for its climate fund as the asset management firm is expanding its investments in the clean energy space. The fund, called TPG Rise Climate, was launched in early 2021 and has already committed over $2 billion to companies in the climate sector, including solar tracking company Nextracker, and partnering with India’s Tata Motors in boosting the electrification of passenger mobility, the press release said. Hank Paulson, a former US Treasury secretary, is the executive chairman of the fund
By Arghyadeep Dutta
Published - Apr 27, 2022, 04:57 PM ET
Last Updated - Apr 16, 2024, 09:14 AM EDT
• TPG Rise Climate fund has already invested $2 billion within one year
Private equity giant TPG Inc (NASDAQ: TPG) on Wednesday said it had raised $7.3 billion for its climate fund as the asset management firm is expanding its investments in the clean energy space.
The fund, called TPG Rise Climate, was launched in early 2021 and has already committed over $2 billion to companies in the climate sector, including solar tracking company Nextracker, and partnering with India’s Tata Motors in boosting the electrification of passenger mobility, the press release said.
Hank Paulson, a former US Treasury secretary, is the executive chairman of the fund.
