TPG Targets $5bn for New Rise Climate Fund

TPG is raising a $5 billion climate-related fund to invest in companies that have a positive impact on the environment by reducing carbon emissions, according to a public document from the Washington State Investment Board.

The Washington public pension investor committed $400 million to the TPG Rise Climate LP fund at a meeting Thursday, according to the document and a spokeswoman.

TPG is a leading global alternative asset firm founded in 1992 with more than $91 billion of assets under management and offices across the globe. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.

Source: WSJ