July 27 (Reuters) - TPG has raised $5.4 billion for its
inaugural fund under its climate investing strategy from a
number of high-profile investors including Allstate Corp
and Hartford Financial, the private equity firm said on
The TPG Rise Climate was launched in early 2021.
Hank Paulson, a former U.S. Treasury Secretary, is the
executive chairman of the fund, while co-founder Jim Coulter is
the managing partner.
TPG said the fund is designed to expand the scope of
commercially viable climate technologies and its investor base
includes Ontario Teachers' Pension Plan Board, Saudi Arabia's
Public Investment Fund (PIF) and France's AXA.
TPG, which has more than $100 billion in assets under
management, is evaluating a public listing, the Wall Street
Journal reported last month.
(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh