TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson – Bloomberg Green

By Mellissa Karsh

TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused funds raised so far as firms push further into green strategies.

The TPG Rise Climate fund, launched earlier this year, has set a hard cap, or maximum fund size, of $7 billion and expects to hold a final close in the fourth quarter, according to a statement Tuesday. TPG added former Treasury Secretary Hank Paulson earlier this year as executive chairman of the fund, joining firm co-founder Jim Coulter, who is its managing partner. It will focus on key areas including clean energy, enabling solutions, decarbonized transport, greening industrials and agriculture and natural solutions.

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