TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, announced that it has raised $1.25 billion in initial capital commitments for its new Global South Initiative (GSI) strategy, aimed at accelerating transformative climate solutions across the Global South, including a $500 million commitment from UAE-backed climate investment platform ALTÉRRA.
The new GSI strategy was initially unveiled, alongside the ALTÉRRA commitment, in December 2023 at the COP28 climate conference in Dubai, targeting $2.5 billion in total capital commitments. The strategy is aimed at accelerating and attracting institutional capital at scale by offering return enhancement to encourage private equity investments in high growth climate opportunities across the Global South.
In addition to capital from TPG’s Rise…
