Home / Business and Economy / Climate Fund Hits $17.1B Goal
Climate Fund Hits $17.1B Goal
30 Sep
Summary
- TPG Rise Climate fund has secured $17.1 billion in total commitments.
- Key investors include New York City Employees' Retirement System.
- TPG is also raising $10 billion for a second climate-focused private equity fund.
The TPG Rise Climate platform has successfully garnered substantial financial backing, amassing $17.1 billion in total investor commitments. This significant capital raise reflects strong investor confidence in the fund's strategy.
Among the key institutions contributing to this impressive sum are the New York City Employees' Retirement System and the State of Michigan Retirement System. These commitments highlight a growing trend of institutional investment in climate-focused initiatives.
Furthermore, TPG Inc. is actively pursuing additional capital, aiming to raise $10 billion for a second private equity fund. This new fund will also concentrate on climate-related investment opportunities, signaling TPG's expanded dedication to this sector.
