The Rise Fund Acquires Majority Stake in Element Markets

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.

Ares Management Acquires Burnham RNG from Edge Natural Resources

December 4, 2023

Renewable Energy

A fund managed by Ares Management's Infrastructure Opportunities strategy has acquired Burnham RNG from Edge Natural Resources. The investment will support Burnham's development and construction of a pipeline of renewable natural gas (RNG) and waste-to-biogas projects across the United States, including the Pasco Resource Recovery Center in Pasco, Washington.

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 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.

The Rise Fund (TPG) Acquires Majority Stake in Teachers of Tomorrow

September 2, 2021

Education

The Rise Fund, TPG’s global impact investing strategy, signed a definitive agreement to acquire a majority stake in Teachers of Tomorrow, a teacher alternative certification program, from Gauge Capital. The deal is subject to customary closing conditions and regulatory approvals and was expected to close by the end of September; terms were not disclosed.

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.