TPG’s Rise Fund Invests $200M in Foodsmart

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 Invests in Pearl Dairy

November 7, 2019

Food & Beverage

The Rise Fund, TPG's global impact investment fund, has invested in Pearl Dairy, Uganda's largest dairy processor, to support expansion and strengthen its smallholder farmer supply chain. As part of the transaction, Rise Fund representatives will join Pearl Dairy's board to help scale processing capacity, enhance operations, and expand the company's reach across Africa and into select Asian markets.

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.

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 Growth Takes Majority Stake in SmartSweets

October 27, 2020

Food & Beverage

TPG Growth has taken a majority stake in SmartSweets, the Vancouver-based better-for-you candy brand founded by Tara Bosch. Bosch remains the largest individual shareholder and will stay on the board while Douglas MacFarlane joins as CEO; financial terms were not disclosed. The investment is intended to accelerate SmartSweets' growth, distribution expansion, and product innovation.

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.