PROJECT

Projects

Summary of Investment Information

Project Number

33384

Company Name

TPG ALTERNATIVE AND RENEWABLE TECHNOLOGIES PARTNERS LP

Date SPI Disclosed

Apr 26, 2013

Country

World Region

Region

Global

Projected Board Date

Oct 18, 2013

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Oct 18, 2013
Signed : Nov 8, 2013
Invested : Jan 29, 2014

Sector

Growth Equity Fund

Project Description

 The project entails an IFC equity investment of up to US$25 million in TPG Alternative and Renewable Technology Partners, L.P., a 10-year closed end Delaware limited partnership (“TPG ART” or the “Fund”). The Fund is targeting US$350 million and aims to invest in companies dedicated to developing and deploying climate friendly technologies in various sectors, primarily, but not limited to, industrial biotechnology, advanced materials and energy efficiency deployments.

 

An investment in this Fund is an opportunity to support (i) commercialization and scaling up of innovative climate friendly technologies (ii) transfer of climate friendly technologies to emerging markets (iii) flow of investment capital to emerging markets.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation