TPG Rise Climate and ALTÉRRA Partner to Secure $1.25 Billion for Global South Initiative at COP28
09/23/24, 7:51 PM
Money
$1.25 billion
Type
partnership
TPG Rise Climate, in partnership with ALTÉRRA, has secured $1.25 billion in initial capital commitments for its new Global South Initiative strategy at COP28. The initiative is designed to accelerate and attract institutional capital at scale by offering return enhancement to encourage private equity investments in high growth climate opportunities across the Global South.
Company Info
Additional Info
TPG Rise Climate is the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise. TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals, the strategic relationships developed across TPG’s existing portfolio of climate-focused companies, and a global network of executives and advisors. The fund takes a broad-based sector approach to investment types, from growth equity to value-added infrastructure, and focuses on five climate sub-sectors: clean energy, enabling solutions, decarbonized transport, greening industrials, and agriculture & natural solutions. Jim Coulter, TPG Founding Partner and Executive Chairman, serves as Managing Partner of TPG Rise Climate. Former U.S. Treasury Secretary Hank Paulson serves as TPG Rise Climate’s Executive Chairman. For more information, please visit www.therisefund.com/tpgriseclimate.