DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / TPG Rise Climate, L.P.
TPG Rise Climate, L.P.
Amounts, each with its basis
- Vintage
- 2021basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.70); file 021-407819
- Form D sold
- $6.8Bas of the filing of Feb 18, 2022, 167 investors
- First sale
- Jul 27, 2021
- Reported GAV
- $9.9Bon the Form ADV filed Oct 22, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 178
- Reported on ADV
- Mar 30, 2022 to Oct 22, 2024
Fundraising evidence
Unknown
latest Form D 2022-02-18, older than 15 months (fr-1)
evidence dated Feb 18, 2022. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-07-27vintage year: $2,021adv gav as of: 2024-10-22vintage basis: form_d_first_saleform d sold usd: $6.8Bform d offering usd: n/aform d latest filed at: 2022-02-18
The fund's own reporting through time
15 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Private Equity Fund | $6.9B | 164 | $10.0M | 2% | yes | |
| Jun 28, 2022 | Private Equity Fund | $6.9B | 164 | $10.0M | 2% | yes | |
| Oct 26, 2022 | Private Equity Fund | $6.9B | 164 | $10.0M | 2% | yes | |
| Dec 4, 2022 | Private Equity Fund | $6.9B | 164 | $10.0M | 2% | yes | |
| Mar 30, 2023 | Private Equity Fund | $8.5B | 178 | $10.0M | 1% | yes | |
| May 23, 2023 | Private Equity Fund | $8.5B | 178 | $10.0M | 1% | yes | |
| Sep 28, 2023 | Private Equity Fund | $8.5B | 178 | $10.0M | 1% | yes | |
| Dec 1, 2023 | Private Equity Fund | $8.5B | 178 | $10.0M | 1% | yes | |
| Dec 20, 2023 | Private Equity Fund | $8.5B | 178 | $10.0M | 1% | yes | |
| Mar 28, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes | |
| May 21, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes | |
| Jul 30, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes | |
| Sep 27, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes | |
| Sep 27, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes | |
| Oct 22, 2024 | Private Equity Fund | $9.9B | 178 | $10.0M | 1% | yes |
Principals and agents
4 principals on Form D, 1 placement agents
- James G. Coulter Executive Officer
- TPG Rise Climate Genpar, L.P. Executive Officer/Director/Promoter
- David Bonderman Executive Officer
- TPG Rise Climate Genpar Advisors, LLC Executive Officer/Director
- J.P. Morgan Securities LLC placement agent
Limited partners and their reported performance
3 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| New Jersey Division of Investment nj.gov | 2022 | $150M | $129M | $45.1M | $122M | not meaningful yet | 1.3x | May 31, 2026 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | n/a | n/a | n/a | n/a | 14.8% | 1.3x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $50.0M | n/a | n/a | n/a | not meaningful yet | unknown | Sep 30, 2021 |
Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
6 events
- May 31, 2026NJ DOI reports TPG Rise Climate, L.P.: $150,000,000 committed, vintage 2022LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025LACERS reports TPG Rise Climate: an undisclosed amount committed, vintage 2021, net IRR 14.8%, 1.27xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 30, 2022TPG Rise Climate, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $6,878,500,000Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 18, 2022TPG Rise Climate, L.P. filed Form D/A: $6,800,000,000 sold (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Sep 30, 2021LACERS commits $50,000,000 to TPG Rise Climate (TPG), closed 2021-09-30, existing relationship
- Jul 27, 2021TPG Rise Climate, L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
33 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $6.8B Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06c, 3C, 3C.7 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06c, 3C, 3C.7 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2021-07-27 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 167 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering other type: Limited Partnership Interests Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering other type: Limited Partnership Interests Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 301 COMMERCE STREET, SUITE 3300, FORT WORTH, TX, 76102 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 301 COMMERCE STREET, SUITE 3300, FORT WORTH, TX, 76102 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Feb 18, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Jul 27, 2021 Fact SEC EDGAR Form D data sets (quarterly)