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Private equity giant TPG Capital raises $5.4 billion for new climate fund

Private equity giant TPG Capital raises $5.4 billion for new climate fund

Ben Geman of Axios reports that TPG Capital has raised $5.4 billion for its new climate fund.

The C3 Take
  • 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.”

Read the full article here.

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