TPG’s debut impact investment fund hit its $2 billion hard-cap at the beginning of October. Having launched fundraising at the end of 2016, the Rise Fund already had five investments under its belt.
Across the board
TPG Rise’s Founders Board also helps significantly with sourcing. The board is made up of well-known philanthropists, activists and business leaders including Rise co-founders Jeff Skoll and U2 lead singer Bono, as well as Richard Branson, Mo Ibrahim and Pierre Omidyar among others. These individuals are not only investors in the fund, but also the “visionary body” behind it.
EverFi: education technology company targeting reduced rates of sexual assaults and alcohol-related incidents and death and financial literacy at schools and universities
Dodla Dairy: company in India aimed at reducing poverty
Brava: company that creates domestic hardware and software products to make energy use more efficient
Dharma: software as a service-based integrated data analytics and workflow platform that streamlines the process of data collection, allowing information to be collected anywhere and in all languages
Lead: company making quality education accessible and affordable to children in underserved communities in India
This is only the beginning for Rise. In addition to making many more investments – it plans to have about 30 to 35 portfolio companies in the fund – it is also hoping the work it is doing in impact investing will eventually set a standard for the industry.