TPG met its fundraising objective a little more than a year after interest from the “billionaires impact circuit” and rock star Bono caused it to double its initial target.
The earlier named investors include Jeff Skoll, Pierre Omidyar, Richard Branson, Lynne Benioff, Reid Hoffman, Laurene Powell Jobs, Mellody Hobson, Lynne Benioff and Mo Ibrahim.
Recent investors include Bank of America Corp., UBS, and the University of California’s Board of Regents, which put in $100 million, Bloomberg reports. The $2 billion raise makes The Rise Fund one of the world’s largest private equity funds taking aim at the 2030 global goals.
“You can’t be a leader today of anything and not believe that you have to do the right thing for future generations, the planet we’re on, and the people you serve,” says UC’s Jagdeep Singh Bachher.
(Editor’s note: We’re continuing to update this post with investments made since its original publication)
The Rise fund has announced six investments so far. Read ImpactAlpha’s coverage of the deals:
$120 million in edtech firm Everfi:
$14.2 million in data platform Dharma:
$50 million in Dairy company Dodla:
An undisclosed amount in smart-device maker Brava:
An undisclosed amount in Indian school-in-a-box LEAD:
$20 million in Latin America education venture Digital House: