TPG Rise Climate Fund

Name

TPG Rise Climate Fund

Legal name

TPG Inc.

Website

https://tpg.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Climate-focused private equity and infrastructure investing

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

akta.pro primary industry

Energy & Sustainability / Climate Growth Equity (FSANACAG)

akta.pro secondary industries

Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Climate private equity
• Impact investing
• Renewable energy investments
• Decarbonization capital
• Climate infrastructure funds

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, Infrastructure

Revenue model

1. Management Fees: TPG Rise Climate generates revenue through management fees charged on assets under management. These fees are typically calculated as a percentage of committed or invested capital and provide steady recurring revenue for the fund.
2. Carried Interest: Fund managers earn performance-based carried interest (typically 20% of profits above a hurdle rate) when investments generate returns exceeding specified thresholds, aligning manager and investor interests.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

TPG Rise Climate is a dedicated climate-focused private equity and infrastructure investment fund that deploys institutional capital across three verticals: clean electrons (solar, wind, renewable power), clean molecules and materials (green fuels, sustainable chemicals), and negative emissions (carbon markets, adaptation resilience). The fund invests from growth equity to value-added infrastructure, raising capital from institutional LPs and channeling it into climate solution companies globally.

Product overview

TPG Rise Climate Fund is a climate-focused investment fund that operates as the dedicated climate investing strategy within TPG's $19 billion global impact investing platform. The fund pursues a broad-based sector approach to climate solutions, spanning three primary verticals: clean electrons (solar, wind, renewable power), clean molecules and materials (green fuels, sustainable chemicals), and negative emissions (carbon markets, adaptation resilience). The fund takes a broad approach to investment types, from growth equity to value-added infrastructure. The Global South Initiative (GSI) is a complementary strategy focused specifically on climate investment opportunities across Africa, South and Southeast Asia, and Latin America, launched in partnership with ALTÉRRA. Together, these products represent TPG's comprehensive climate investing platform.

Differentiator

Problem solved

Functional benefit

Products and services

• TPG Rise Climate Fund A dedicated climate investing strategy pursuing climate-related investments across clean electrons (solar, wind, renewable power), clean molecules and materials (green fuels, sustainable chemicals), and negative emissions (carbon markets, adaptation resilience) verticals, from growth equity to value-added infrastructure. Available to institutional investors including sovereign wealth funds, pension funds, and family offices.
• Global South Initiative (GSI) A complementary climate investment strategy focused on accelerating and attracting institutional capital at scale to high-growth climate opportunities across Africa, South and Southeast Asia, and Latin America. Launched in partnership with ALTÉRRA, with initial $1.25 billion in capital commitments targeting $2.5 billion total. Offers return enhancement to encourage private equity investments in underserved climate markets.

Quantifiable outcome

• 900 million metric tons CO2e emissions averted over portfolio lifetime (TPG Rise Climate I)
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Partnerships

Four partnerships are on record, tiered core.

• Google (via Intersect Power)coreStrategic or Co-development Partner · 31 December 2024Strategic partnership through portfolio company Intersect Power to build vast amounts of renewable power to provide base load power to Google's data center operations, supporting AI-driven electricity demand with clean energy solutions.
• Applied Materials / Elevated MaterialscoreStrategic or Co-development PartnerPartnership to develop and commercialize battery technology enabling higher energy density for lithium-ion batteries. Elevated Materials was carved out from Applied Materials to become a supplier into the battery market, accelerating EV adoption.
• Siemens GamesacoreStrategic or Co-development PartnerAcquisition of Siemens Gamesa's onshore wind business for India and South Asia to become the preferred highest-quality product supplier in the Indian wind turbine market and manufacturing location for global supply chain.
• MIRATECHcoreStrategic or Co-development PartnerPortfolio company partnership providing emissions-reduced power solutions for mission-critical equipment including data centers. TPG Rise Climate partnership is helping scale these solutions globally to address backup power decarbonization needs driven by AI infrastructure expansion.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Breakthrough Energy Ventures: Founded by Bill Gates, Breakthrough Energy Ventures is a multi-stage climate tech VC fund backing early-stage companies across electricity, transportation, buildings, manufacturing, and agriculture. It is comparable as a dedicated climate capital provider, though earlier-stage and more venture-focused than TPG Rise Climate.
• Galvanize Climate Solutions: Galvanize Climate Solutions is a dedicated climate investment firm founded by Katie Rae and Tom Steyer, deploying venture, growth, and infrastructure capital across decarbonization verticals. It is comparable as a focused climate platform but smaller and earlier-stage than TPG Rise Climate.
• Energy Impact Partners (EIP): EIP is a global utility- and corporate-backed venture and growth fund investing across the energy transition value chain. It is comparable as a climate-focused investment platform, though it leans more venture/growth than TPG Rise Climate's broader growth-to-infrastructure range.

Broad incumbents

• BlackRock Climate Infrastructure: BlackRock's climate infrastructure platform invests across renewable energy, grid, storage, and electrification assets as part of its broader Global Infrastructure Partners franchise. It competes for the same institutional LP climate capital and overlaps with TPG Rise Climate on utility-scale renewables and transition infrastructure.
• Apollo Climate Solutions: Apollo Global Management has launched dedicated climate transition strategies across its credit and equity platforms, targeting industrial decarbonization and energy transition assets. It competes for LP allocations as a large incumbent extending into climate.

Direct peers

• EQT Future: EQT Future is EQT's dedicated impact-driven growth and infrastructure fund investing in climate and nature-positive companies across Europe and globally. It competes directly with TPG Rise Climate in climate growth equity and value-added infrastructure.
• Generation Investment Management: Generation is a pure-play sustainable investing firm (co-founded by Al Gore) managing long-only public and private capital focused on climate solutions. It is a direct comparable in climate-focused sustainable private markets and impact measurement.
• Climate Fund Managers (CFM): CFM is an Africa-focused blended-finance climate infrastructure fund manager jointly backed by Sanlam and the Dutch development bank FMO. It is directly comparable on emerging-market climate investing, particularly in Africa, where both TPG Rise Climate and CFM are active.
• Brookfield Climate Transition Fund: Brookfield's flagship climate-transition strategy invests in renewable power, carbon capture, and decarbonization infrastructure globally. It is the most directly comparable large-scale climate PE/infrastructure peer to TPG Rise Climate, with overlapping mandates in clean electrons, clean molecules, and negative emissions.
• KKR Global Climate Strategy: KKR's Global Climate Strategy is a dedicated climate investment fund targeting decarbonization across energy, mobility, and industrial sectors. It is a direct head-to-head competitor for LP mandates, portfolio companies, and impact-measurement credibility in the climate PE space.

Market position

Competitive moat6 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A9 records

Investments28 records

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

Frequently asked questions about TPG Rise Climate Fund