LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • #changetheratio
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • #changetheratio
  • Engage
    • VC Council
    • VC Members
  • LAVCA

TPG targets US$3.5B for The Rise Fund II

December 4, 2018

TPG is preparing to raise US$3.5b for its second impact investing fund, The Rise Fund II, and it will focus mainly on healthcare, education, financial services and energy. New Jersey State Investment Council committed up to US$125m to the new fund.

(Dallas Business Journal) TPG is going back to market with a second impact fund that aims to make investments with measurable social impacts or environmental benefits.

As reported by Private Equity News, the PE giant, which is dual headquartered in Fort Worth and San Francisco, has returned to market with The Rise Fund II LP, aiming to raise $3.5 billion. The information is based on an investment memorandum from the New Jersey State Investment Council, which is considering bankrolling $125 million into the fund.

TPG previously planned to raise $3 billion for its second social impact fund, according to an October report by Bloomberg. The Rise Fund II will be significantly larger than the first Rise Fund raised by the PE firm, which reached $2 billion.

Launched in 2016, the first fund attracted well-known names. It was co-led by musician Bono, and former Secretary of State John Kerry was recruited to help source deals.

Kerry said in April that the TPG fund could “write a new playbook” for impact investing and convince bigger institutional investors to put more capital to work in social and environmental causes “without compromising returns.”

The first Rise Fund invested in companies like SystemOne, which specializes in technology that rapidly detects and responds to infectious diseases, and Austin-based CLEAResult, which designs and implements tech that improves energy efficiency, according to Private Equity News.

The second fund will focus on four core sectors: health care, education, financial services and energy, Private Equity News wrote. It will also invest in food and agriculture, technology, and growth infrastructure as secondary sectors.

TPG targets US$3.5B for The Rise Fund II was last modified: December 14th, 2018 by Editor
FundraisingImpactImpact InvestingRise Fund IITPGVCVenture Capital
0
Facebook Twitter Google +

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sector Tags

agribusiness AgTech Artificial Intelligence B2B Big Data biotech Consumer/Retail delivery Digital Media & Entertainment e-commerce ecommerce EdTech Education Energy Financial Services fintech foodtech Healthcare Healthtech HRTECH Human Resources Impact Impact Investing Infrastructure InsurTech IoT IT Logistics & Distribution logistics and distribution marketplace Marketplaces Mobile Private Capital Private Equity Proptech Real Assets Real Estate SaaS Software Startup startups Technology Telecommunications Transportation venture capital

Geography Tags

Alquilando Argentina Argentine Austria Belize Bolivia Brasil Brazil Canada Canary Caribbean Central America Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Honduras India International INTL Israel Jamaica Japan Kenya LatAm Latin America Mexico Miami Nicaragua Pan-Regional Panama Paraguay Peru Portugal Puerto Rico South Korea Spain United States Uruguay US USA Venezuela
LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.
Asset Class *

Tweets

  • READ latest deal case featuring Aqua Capital's investment in 🇧🇷Brazil-based agribusiness/animal feed additives comp… https://t.co/vAgqJSEPRm

    22-Dec-2020

    Reply Retweet Favorite
  • 🚀LAVCA's #VC #femaleinvestors lists are out: ♀️ Top #Women Investing &⭐Emerging Women Investors in #LatinAmerica… https://t.co/D6bpZqL9LO

    10-Dec-2020

    Reply Retweet Favorite
  • #HappeningNow LAVCA's CEO @ivonnecuello sharing #LatAm #Tech sectors leading, #leapfrogging, & #Socialimpact data.… https://t.co/Bt2sgRQOFm

    11-Nov-2020

    Reply Retweet Favorite
  • 👩‍💻#weXchange2020 LAVCA's Executive Advisor y @CapriaVC 's Venture Partner @RoblesSusanaro y @NXTPvc's Managing Par… https://t.co/F7Fm1EOxZO

    11-Nov-2020

    Reply Retweet Favorite
  • 🔽DOWNLOAD the latest in a series of deal cases featuring LAVCA member Oria Capital's investment in 🇧🇷 software/CPaa… https://t.co/MzKHqR2tnv

    09-Nov-2020

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Offices

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

    Washington DC:
     2600 Virginia Ave. N.W., 500
    Washington, DC 20037

LAVCA Also Has a Regional Presence in:

    Silicon Valley:
    San Francisco, CA

Explore LAVCA.org

  • About LAVCA
  • Board, Team & Councils
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top