TPG's The Rise Fund to acquire controlling stake in Asia Pacific University of Technology & Innovation (APU)

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 (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'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.

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.

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'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.