Kirkland Counsels TPG Rise Climate on $300 Million Investment in Summit CCS Project
Kirkland & Ellis advised TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, on its $300 million investment in Summit Carbon Solutions (Summit), developer of a large-scale carbon capture and storage project, which will capture and permanently store up to 20 million tons per year of CO2 from facilities across the Midwestern United States. TPG Rise Climate’s investment was made in connection with the completion of an equity raise by Summit of over $1 billion.
The Kirkland team was led by corporate partners Kristin Mendoza and Ahmed Sidik; with support from infrastructure finance partner Kelann Stirling; ESG & Impact partner Alex Farmer; environmental transactions partner Jim Dolphin; tax partners Jared Rusman and Mike Masri; and energy regulatory partner Drew Stuyvenberg.
