Ben Geman of Axios reports that TPG Capital has raised $5.4 billion for its new climate fund.
- TPG’s fund is now the largest climate-driven equity fund in the world and has plans to reach $7 billion in funding.
- The climate fund is backed by major companies such as GM, Alphabet, and Nike.
- The private sector is making serious investments into climate-friendly projects.
“The fund is backed by major investors including Allstate, AXA, The Hartford, but also corporate giants like Google parent Alphabet, Bank of America, Dow, GM, Nike and others.”
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