TPG Rise Climate LP

What TPG Rise Climate LP does

TPG Rise Climate LP is a climate-focused impact investment fund established in 2021 as a dedicated vehicle within TPG's Impact Platform (The Rise Funds family). The fund pursues growth equity, private equity, and infrastructure investments in mission-driven companies addressing climate change and environmental challenges, targeting non-concessionary financial returns alongside quantifiable environmental impact. Capital is raised from institutional Limited Partners including pension funds, endowments, sovereign wealth funds, family offices, and the TPG Rise Climate Coalition — a network of nearly 30 of the world's largest multinational companies that serve simultaneously as LPs and strategic partners. The fund is wholly owned and managed by TPG (Tarrant Capital IP, LLC), a global alternative asset manager founded in 1992 with $286B-$303B in total AUM across its Capital, Growth, Impact, Credit, Real Estate, and Market Solutions platforms.

The fund's core product offering is the TPG Rise Climate fund vehicle, supported by the proprietary Y Analytics impact assessment framework — a public benefit entity employing 30+ economists, analysts, and researchers who have assessed over 1,000 companies using publicly available methodologies. The Impact Investment Team comprises 80+ dedicated investment and operational professionals across 10 countries with an average of 12 years investing experience. As of June 30, 2026, the broader Impact Platform manages $35B AUM with $14B+ deployed across 100+ portfolio companies spanning climate, education, financial inclusion, healthcare, and technology sectors.

The business model is a classic institutional private equity structure generating revenue through management fees charged to Limited Partners on committed capital and carried interest (performance fees) on investment returns. Go-to-market is exclusively enterprise field sales targeting institutional investors through direct relationships, industry events, content marketing (TPG website, LinkedIn newsletter "The TPG Take"), and the coalition network. The fund operates as a limited partnership domiciled in the United States, with parent TPG providing the operational chassis of over 30 years of cross-cycle investing experience. There is no publicly disclosed product pricing; terms are negotiated bilaterally with each institutional Limited Partner.

Name

TPG Rise Climate LP

Legal name

TPG Rise Climate LP

Website

https://therisefund.com

Company type

Private

Founded year

2021

Operating status

Operating

Short description

TPG Rise Climate LP is a 2021-launched climate-focused impact investment fund within TPG's Impact Platform, serving institutional Limited Partners and the TPG Rise Climate Coalition of nearly 30 multinational corporations. It deploys growth equity, private equity, and infrastructure capital into mission-driven climate companies, targeting non-concessionary returns.

Ownership category

akta.pro rank

Product category

Climate Impact Private Equity

akta.pro primary industry

Climate / Clean Tech & Decarbonization Funds (FSANAJAA)

Keywords

• Climate impact investing
• Private equity climate
• Infrastructure investing
• Growth equity capital
• Institutional asset management

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management: TPG Rise Climate generates revenue through management fees charged to Limited Partners and carried interest (performance fees) based on investment returns. As part of TPG's broader Impact Platform, the fund pursues non-concessionary returns while achieving social and environmental impact.
2. Investment Returns: Returns from equity and infrastructure investing in climate-focused companies, generating capital appreciation for fund investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TPG Rise Climate LP is a climate-focused impact investment fund that provides capital through growth equity, private equity, and infrastructure strategies to mission-driven companies addressing climate change and environmental challenges. The fund pursues non-concessionary financial returns alongside measurable environmental impact, supported by the TPG Rise Climate Coalition of nearly 30 multinational corporate Limited Partners and the Y Analytics impact assessment platform.

Product overview

TPG Rise Climate LP is a climate-focused impact investment fund launched in 2021 as part of TPG's broader Impact Platform (The Rise Funds). It operates within the TPG Rise Climate Coalition, a network of nearly 30 multinational companies who serve as Limited Partners. The fund pursues non-concessionary returns while targeting climate solutions and environmental impact. The Impact Platform overall manages $35B AUM and has invested over $14B in 100+ impact-oriented companies globally.

Differentiator

Problem solved

Functional benefit

Products and services

• TPG Rise Climate Climate-focused impact investment fund investing in mission-driven companies addressing climate change and environmental challenges through growth equity, private equity, and infrastructure strategies while pursuing non-concessionary financial returns. Targeted at institutional Limited Partners including the TPG Rise Climate Coalition.
• TPG Rise Climate Coalition A coalition of nearly 30 multinational companies serving as Limited Partners of TPG Rise Climate, providing expertise, insight, investment ideas, and strategic partnership opportunities in climate innovation. Coalition members have each done extensive work building climate innovation into their businesses.
• The Rise Funds Family TPG's flagship impact investment platform comprising multiple funds including The Rise Fund and TPG Rise Climate, pursuing non-concessionary returns and achieving social and environmental impact at scale through growth equity, private equity, and infrastructure investing strategies.
• TPG Impact Platform World's largest institutional-scale impact investing platform with $35B AUM, $14B+ invested since inception, and 100+ companies in the portfolio. Spans climate, education, financial inclusion, healthcare, and technology sectors through multiple dedicated funds.

Quantifiable outcome

• $35B AUM in Impact Platform
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered portfolio and core.

• Redfearn CapitalportfolioStrategic or Co-development Partner · 7 August 2026Partnership for $628M industrial portfolio acquisition in the US.
• Madison International RealtyportfolioStrategic or Co-development Partner · 7 August 2026Strategic partnership for major German student housing platform.
• ESRportfolioStrategic or Co-development Partner · 28 April 2026Expanded investment partnership with TPG Asia Real Estate through majority sale of ESR Yokohama Sachiura Distribution Centres in Japan. ESR retains minority co-investment stake and continues providing asset management services. Transaction for modern logistics facilities with combined gross floor area of over 390,000 square metres.
• Harwood InternationalportfolioStrategic or Co-development Partner · 29 January 2026Partnership for Dallas Harwood District office portfolio recapitalization. Harwood International retained minority interest as co-investor. TPG Real Estate partnered with OliveMill Holdings and engaged CBRE for property management and leasing.
• OliveMill HoldingsportfolioImplementation/ SI/ Consulting Partner · 29 January 2026Full-service commercial real estate operator in Dallas area to help oversee operations of office assets.
• CBREportfolioChannel Partner/ Reseller/ Distributor · 29 January 2026Engaged to oversee property management and leasing for Dallas Harwood District office portfolio.
• TPG Rise Climate CoalitioncoreGTM or Marketing Partner · 1 January 2021Nearly 30 of the world's largest multinational companies that are Limited Partners of TPG Rise Climate. Coalition members have each done extensive work building climate innovation into their businesses. The coalition facilitates exchange of expertise, insight, investment ideas and opportunities.
• Y AnalyticscoreTechnology or IntegrationPublic benefit entity dedicated to helping TPG's impact team better understand, value, and manage social and environmental impact. Y Analytics team of over 30 economists, analysts, and researchers have assessed over 1,000 companies. All methodologies are publicly available.
• BilleaseportfolioStrategic or Co-development PartnerPartnership with TPG Rise through governance and strategic support. Billease is leveraging technology and AI to broaden financial inclusion across the Philippines. TPG Rise partnership has helped accelerate the company's growth.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Actis: Dedicated emerging-markets energy transition private equity firm investing across renewables, energy access, and sustainable infrastructure. Directly comparable as a climate-focused PE firm targeting institutional LPs and combining financial returns with environmental outcomes.
• Copenhagen Infrastructure Partners: One of the world's largest dedicated renewable-energy infrastructure managers with multiple institutional-scale greenfield and climate-transition funds. Directly comparable as a focused climate infrastructure private equity platform.
• Macquarie Asset Management Green Investment Group: Macquarie's dedicated climate-infrastructure and green-investment arm, raising institutional-scale funds for renewables, transition, and climate solutions globally. Directly comparable as institutional-scale climate PE/infrastructure manager targeting pension funds and sovereign LPs.
• Generation Investment Management: Pioneer of institutional-scale sustainable investing with a sustainability-integrated long-only and private equity mandate. Closely comparable to TPG Rise Climate's non-concessionary-return-with-impact thesis and pioneering position in the impact-investing category.
• Apollo Climate Solutions: Apollo's climate-focused investment platform pursuing transition capital across credit and private equity. Comparable as a major alt-asset manager launching an institutional climate fund similar to TPG Rise Climate's role inside TPG.
• Brookfield Climate Transition Fund: Brookfield's flagship climate-focused private equity fund targeting institutional LPs with decarbonization investments across infrastructure and growth equity. Directly comparable to TPG Rise Climate in scale, climate mandate, and institutional fundraising model.
• Blackstone Climate Transition: Blackstone's climate transition strategy combining energy transition, climate infrastructure, and corporate decarbonization investments at institutional scale. Directly comparable as a top-tier alternative asset manager launching institutionally-marketed climate funds.
• KKR Global Climate Strategy: KKR's institutional-scale climate/transition investment strategy spanning infrastructure, private equity, and credit. Directly comparable as a major alt-asset manager climate fund pursuing market-rate returns with institutional LPs.

Broad incumbents

• BlackRock Climate Infrastructure: BlackRock's diversified climate infrastructure platform serving institutional LPs with renewable and transition investments. Comparable as a broad incumbent alternative asset manager with a dedicated climate fund, though BlackRock's overall franchise spans many asset classes.
• Brookfield Renewable Partners: Publicly-traded renewable energy platform operating large-scale hydro, wind, solar and storage assets globally. Adjacent comparable as a scaled climate-aligned infrastructure investor, though operating-company focused rather than a diversified PE fund manager like TPG Rise Climate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tpg

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about TPG Rise Climate LP