The RISE Fund

Date: 2020

Asset Class: Venture Capital and Private Equity

Description:  TPG Growth’s RISE Fund II is a $3B global impact-focused venture capital and growth equity fund investing in businesses that help address the societal challenges identified by the United Nations’ Sustainable Development Goals, with a special focus on education, energy, financial services, and healthcare.

Why We Invest: The Rise Fund II will be integrated directly into TPG Growth’s pipeline of investment opportunities, benefiting from the Firm’s extensive track record of successful investing, and will get first priority on all deals that meet its impact screen. This fund will supplant its predecessor as the largest impact investing vehicle of its kind, and will target small buyout, venture capital, and growth investment opportunities that have inherent and intentional social impact. By making larger investments than most impact investment funds, the fund will be able to undertake larger scale development projects than its peers. The Fund’s size ($5B across RISe I and II) has also allowed it to bring on an impressive array of strategic partners, including Y Analytics, KPMG, and Rise Founders’ Board, which give the Fund the resources and platform to achieve its large-scale mission.