The Rise Fund Invests in Pearl Dairy

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 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.

The Rise Fund (TPG) Invests $200M in Airtel Africa's Mobile Money Business (AMC BV)

March 18, 2021

Payments & Fintech

The Rise Fund, TPG’s impact investing platform, will invest $200 million for a minority stake in Airtel Mobile Commerce BV (AMC BV), Airtel Africa’s mobile money business, valuing the business at $2.65 billion on a cash- and debt-free basis. Airtel Africa will retain a majority stake; proceeds are earmarked to reduce group debt and invest in network and sales infrastructure, and Airtel aims to explore a potential listing of the mobile money business within four years.

TPG and Northstar Acquire 80% of Japfa's Southeast Asia Dairy Business (Greenfields)

December 7, 2020

Food & Beverage

TPG and Northstar Group have agreed to acquire an 80% stake in Japfa Ltd's Southeast Asia branded dairy business (Greenfields) for US$236 million, with Japfa retaining a 20% interest. The strategic partnership gives the investors funding and senior management expertise to accelerate growth of the vertically integrated dairy business across Southeast Asia while Japfa focuses on its China dairy operations and other core businesses.

The Rise Fund Invests in Zipline

May 17, 2019

Healthcare Services

The Rise Fund, an impact investment fund managed by TPG Growth, announced a growth equity investment in Zipline to support expansion of the company’s drone-based medical delivery and cold-chain logistics services. The funding is intended to help scale Zipline’s lifesaving delivery network across the Global South and broaden The Rise Fund’s healthcare and technology portfolio exposure.

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.