The Rise Fund

What The Rise Fund does

The Rise Fund is the multi-sector impact investing platform of TPG, founded in 2016 and managed from San Francisco. It pursues non-concessionary — i.e., market-rate — financial returns alongside measurable social and environmental impact through growth equity, private equity, and infrastructure strategies. As of March 31, 2026, TPG's broader Impact Platform (comprising The Rise Funds, TPG Rise Climate launched in 2021, and TPG NEXT) manages $32B AUM, with The Rise Fund having invested $14B+ across 100+ impact-oriented companies globally. Target sectors are climate, education, financial inclusion, healthcare, and technology, with portfolio examples including Cambridge Mobile Telematics ($350M, AI telematics), Findhelp ($250M, social care platform), Outcomes First Group (~$1B, UK special-needs education), International Medical University (RM1.35B, Malaysian medical education), Blue Cloud Pediatric Surgery Centers (US pediatric dental surgery), Hayden AI ($90M Series C, vision AI traffic management), HALA ($157M, Saudi fintech), Persefoni (carbon accounting), and Matrix Renewables (utility-scale solar/storage).

The platform is structured around TPG's institutional chassis and is supported by 80+ dedicated investment and operational professionals across 10 countries (average 12 years of investing experience), a Global Advisory Board, the TPG Rise Climate Coalition of nearly 30 multinational corporates, and Y Analytics — a public-benefit entity with 30+ economists and researchers that has assessed over 1,000 companies using a published impact methodology. Revenue mechanics are standard private-equity fund economics: management fees on committed/invested capital and carried interest tied to portfolio exits. The fund makes direct investments, typically taking majority or significant minority stakes, and provides business-building support to portfolio companies; distribution is therefore the deployment of capital and operational resources rather than a traditional sales channel. Notable co-investors and counterparties include Allianz X, Sanabil Investments, Hong Leong Group, Investcorp, IHH Healthcare (seller), State Farm, and The Riverside Company (exiting seller).

Name

The Rise Fund

Legal name

The Rise Fund

Website

https://therisefund.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

The Rise Fund is TPG's multi-sector impact investing platform, founded in 2016, that provides growth equity, private equity, and infrastructure capital to 100+ mission-driven companies in climate, education, financial inclusion, healthcare, and technology, managing $32B AUM platform-wide as of March 2026.

Ownership category

akta.pro rank

Product category

Impact Investing / Private Equity

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

akta.pro secondary industries

Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Renewable Energy & Energy Transition Funds (FSANAJAB), Growth Equity Fund-of-Funds (FSANAGAE), Impact Investment & Development Investment Funds (BPADACAO)

Keywords

• Impact investing
• Private equity fund
• Growth equity investments
• Infrastructure investing
• Social impact capital

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management & Performance Fees: The Rise Fund generates returns as TPG's impact investing platform by managing a $32B AUM fund (as of March 31, 2026) and investing $14B+ across 100+ portfolio companies. Revenue is derived from fund management fees and carried interest tied to portfolio company exits and performance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Rise Fund is TPG's multi-sector impact investing platform that provides growth equity, private equity, and infrastructure capital to mission-driven companies worldwide. It invests in companies delivering measurable social and environmental impact across climate, education, financial inclusion, healthcare, and technology sectors, pursuing non-concessionary (market-rate) returns alongside quantified positive impact.

Differentiator

Problem solved

Functional benefit

Products and services

• The Rise Funds
• TPG Rise Climate

Quantifiable outcome

• Over 100 impact-oriented companies invested in since 2016
• +3 more outcomes

Named customers11 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators12 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• Bain Capital Double Impact: Bain Capital's dedicated impact investing platform investing across growth equity, private equity and venture with explicit impact theses across health, education, sustainability and inclusion — most directly comparable multi-sector impact PE peer to The Rise Fund.
• KKR Global Impact: KKR's multi-strategy impact platform investing across climate, inclusive growth and human capital, operating as a fund-of-funds and direct investment structure similar to Rise's TPG Impact chassis.
• Generation Investment Management: Long-duration, sustainability-led investment manager founded by David Blood and Al Gore; competes for LP capital in the public/private sustainability and impact space and shares Rise's non-concessionary return philosophy.
• Lightrock: Global impact-led growth and private equity investor backed by the LGT Group, deploying capital across healthcare, climate, financial inclusion and education — directly comparable multi-sector impact PE peer.

Broad incumbents

• Blackstone Impact: Blackstone's thematic impact strategy sits within its broader $1T+ alternative asset franchise, offering competing impact products across private equity, credit and infrastructure with deeper capital but less specialist focus than Rise.
• Brookfield Sustainable Resources: Brookfield's $100B+ renewable power and transition platform overlaps with TPG Rise Climate on utility-scale solar, storage and wind infrastructure investment.
• Carlyle Global Credit & Impact: Major alternative asset manager offering impact-aligned funds across private equity, credit and infrastructure, competing with Rise for LP mandates and direct co-investment opportunities.
• EQT Future (EQT AB): European-headquartered alternative asset manager with growing thematic/sustainability funds across healthcare, climate and tech; competes with Rise for global impact LP mandates and co-investments.

Emerging players

• LeapFrog Investments: Profit-with-purpose PE firm focused exclusively on emerging-market financial services and healthcare; shares Rise's impact-return thesis but is smaller and geographically narrower, making it a niche/emerging peer.
• Acumen Capital Partners: Patient-capital impact investor spanning early-stage and growth equity across energy, health and agriculture in emerging markets; comparable in mission and impact measurement rigor but operates at smaller scale than Rise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/therisefund
• LinkedInlinkedin.com/company/the-rise-fund

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments73 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Rise Fund