TPG's The Rise Funds Acquires Majority Stake in Trustwell

TPG Rise Fund Leads $200M+ Growth Investment in Foodsmart

June 26, 2024

Healthcare Services

The Rise Fund, TPG's impact investing strategy, has signed definitive documentation to lead an investment of over $200 million in Foodsmart, the US telenutrition and food benefits management platform. The growth investment will support Foodsmart's expansion of capabilities and reach across Medicaid, Medicare Advantage, commercial health plans and employers; the deal is expected to close in July 2024.

TPG Growth and The Rise Fund Acquire Majority Stake in Greenhouse

January 14, 2021

Software

TPG Growth and The Rise Fund have signed a definitive agreement to become majority investors in Greenhouse, the hiring software provider. The investment will support product innovation, market expansion, and enhancements to Greenhouse’s diversity, equity and inclusion hiring solutions; financial terms were not disclosed.

The Rise Fund and Investcorp Acquire Majority Stake in Outcomes First Group

December 12, 2023

Education

The Rise Fund (TPG Rise) will make a majority investment in Outcomes First Group (OFG), with Investcorp joining as a minority investor, in a deal that transfers majority ownership from Stirling Square Capital Partners. OFG is a UK specialist provider of education and therapeutic care operating 56 schools serving over 3,000 students; the investment is intended to enhance OFG's clinical capabilities and support the group's next phase of growth.

The Rise Fund Acquires Majority Stake in Teachers of Tomorrow; Ridgemont Joins as Minority Investor

September 2, 2021

Education

The Rise Fund (TPG Rise) signed a definitive agreement to acquire a majority stake in Teachers of Tomorrow from Gauge Capital, with Ridgemont Equity Partners joining as a significant minority investor alongside The Rise Fund. The investment will support Teachers of Tomorrow’s geographic expansion, product-line growth, and scaling of its alternative teacher certification, professional development, and placement services across the U.S.

The Rise Fund Acquires Majority Stake in Element Markets

January 12, 2021

Energy

The Rise Fund, the impact investing platform managed by TPG, acquired a majority stake in Element Markets, a Houston-based marketer of renewable natural gas (RNG) and environmental commodities. The investment (terms undisclosed) will support Element Markets' expansion into additional environmental markets and scale its carbon, RIN and emissions-credit trading and compliance services; Mike Stone and Marc Mezvinsky will join Element's board.

TPG Makes Strategic Investment in Sauce Labs

June 7, 2022

Cloud & SaaS

TPG has made an additional strategic investment in Sauce Labs, strengthening a partnership that began in 2019 and providing the company with resources to expand capabilities and accelerate growth. Sauce Labs, a San Francisco–based provider of continuous testing and error-reporting SaaS, said the capital will support product development and market leadership in DevOps and continuous testing.