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TPG closes Rise Climate Fund at $7.3bn

TPG, a global alternative asset management firm, has held the final close of TPG Rise Climate, a dedicated climate investing strategy of its global impact investing platform TPG Rise, at $7.3 billion.

With the final close, TPG Rise Climate reaches its hard cap, bringing together a unique blend of capital from some of the world’s most prominent institutional investors and a diverse set of industry-leading global companies.

Since launching in 2021, TPG Rise Climate has been rapidly deploying capital through growth-stage investments in innovative climate solutions. Recent investments include backing the leading solar tracking company Nextracker, creating North America’s largest marketer and originator of carbon and environmental credits via the merger of Bluesource and Element Markets, and forming an innovative partnership with Tata Motors to lead the electrification of passenger mobility in India.

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