TPG raises $10 billion for its second climate private equity fund
Private Equity Wire · 2026-10-01
TPG has raised $10 billion for TPG Rise Climate II, which was due to close to new money at end-September, Bloomberg reported. UAE-backed Alterra committed around $1 billion. The Rise Climate platform had $17.1 billion in total commitments as of August, a sign large LPs still back the energy transition.
Vocabulary
Read source ↗- carve-outsbuying a business unit spun off from a larger company
- growth equityminority investments in established, fast-growing companies
- low-carbon technologiestechnologies that emit little greenhouse gas