Kirkland Advises TPG on $5.4 Billion First Close of TPG Rise Climate Fund
Kirkland & Ellis advised TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, on the first close of $5.4 billion in subscriptions to its inaugural fund, exceeding its initial target of $5 billion. With the fund’s first close, TPG Rise Climate is bringing together a unique blend of capital from some of the world’s largest institutional investors and over 20 leading companies to invest in the entrepreneurs and businesses building climate solutions around the world. TPG Rise Climate has set a hard cap of $7 billion in total capital commitments and expects to hold a final close in the fourth quarter of 2021.
The Kirkland team was led by investment funds partners Erica Berthou and Susan Eisenberg.
