ImpactAlpha ties the raise to the world's largest institutions writing fewer, larger checks.
$10.4BSize of TPG's new climate fund
TPG raised a $10.4 billion climate fund, ImpactAlpha reported Nov. 4.
The $10.4 billion raise fits a pattern of the world's largest institutional investors writing fewer, larger checks to managers they trust, the publication said.
For allocators, the reported pattern means fewer, larger commitments and more exposure per manager. Fund fees and strategy were not disclosed.
Reported by the Transition Finance desk from ImpactAlpha. Published . Corrections
The Vancouver-based manager is raising its first growth-stage impact fund in the region, focused on climate resilience.
The Global South Initiative reached its $2.5 billion target, and 31% of commitments came from investors new to TPG.
Catholic sisters supplied the anchor for the faith-based vehicle's $25 million first close, ImpactAlpha reported.
The Tâmega wind farm takes the partners' Iberian renewables portfolio above 1,800 MW, with a 2,300 MW target for next year.
Three international lenders backed the 200MW Chereh Dam project, which has a 21-year PPA with Tenaga Nasional and is due online in 2028.
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