TPG Growth and The Rise Fund Acquire Majority Stake in Greenhouse

TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

June 4, 2025

Data & Analytics

TPG Rise Climate (TPG) has agreed to acquire a majority stake in Aurora Energy Research from CGE Partners, with CGE reinvesting alongside 22C Capital and Aurora management. Aurora — an Oxford-based energy market analytics and software platform serving utilities, governments and investors — will scale its data, analytics and software capabilities globally with TPG’s climate investing resources and 22C’s operational support.

TPG Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

TPG's Rise Fund Makes Minority Investment in Healthcademia

November 26, 2025

Education

TPG’s Rise Fund has made a minority growth investment in Healthcademia, joining majority shareholder G Square Capital to support the healthcare education provider’s next phase of expansion. The capital will be used to accelerate organic growth and pursue acquisitions as Healthcademia scales its technology-enabled healthcare education programs across Europe and the Americas.

TPG's The Rise Funds Acquires Majority Stake in Trustwell

January 5, 2026

Cloud & SaaS

TPG's The Rise Funds has made a majority investment in Trustwell, a SaaS provider of regulatory compliance, traceability and supplier management software for the food industry. The Riverside Company has fully exited its investment; financial terms were not disclosed. The partnership aims to accelerate Trustwell's product innovation and scale adoption across food and beverage supply chains.

TPG Rise Combines Element Markets and Bluesource to Form Global Decarbonization Platform

February 24, 2022

Renewable Energy

TPG Rise (via TPG Rise Climate and The Rise Fund) has taken majority ownership to combine Element Markets and Bluesource into a vertically integrated global decarbonization platform, with NGP ETP joining the investment and GEF Capital Partners remaining as an investor. The combined business will market and originate carbon and environmental credits and provide advisory, project development and renewable natural gas marketing services to corporate and institutional clients.

TPG Rise Climate and GIC to Acquire Techem Group for €6.7 billion

October 1, 2024

Energy

TPG Rise Climate (lead investor) and GIC (minority investor) signed an agreement to acquire Techem Group from majority owner Partners Group and co-investors CDPQ and Ontario Teachers' Pension Plan for approximately €6.7 billion. The deal, payable in two instalments, is expected to close in the first half of 2025 and will support Techem's expansion of its digital energy services platform across Europe and beyond.