TPG closes inaugural climate fund

TPG has raised $7.3bn for TPG Rise Climate.

Fund: TPG Rise Climate Fund
Amount raised: $7.3 billion
Stage of fundraising: Final close
Final close: April 2022
Target size: $7.2 billion

TPG has announced a final close of its inaugural climate fund, TPG Rise Climate, on $7.3 billion. The fund, which opened in mid-2021, has surpassed its target of $7.2 billion.

TPG Rise Climate Fund is the dedicated climate investing strategy of its global impact investing platform TPG Rise. With the final close, the fund has reached its hard-cap, bringing together capital from some of the world’s most prominent institutional investors.

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