Climate funds
TPG raises US$10.4 billion across climate funds, including US$2.5 billion for the Global South
A final close on Rise Climate II and the Global South Initiative — committed capital, not money already invested.
Directly reportedESG Financial Intelligence · Issue 12
Five signals from the last 72 hours — from a US$1.05M seed investment to US$10.4B of fund commitments, and two figures that are not transaction values.
By the numbers
Editorial rule: no monetary value, no entry. Every figure is labelled as directly reported, a scenario range or context, with method and sources on file.
Climate funds
A final close on Rise Climate II and the Global South Initiative — committed capital, not money already invested.
Directly reportedRemoval finance
A senior secured term loan, backed by fixed-price Frontier offtakes and delivery insurance, finances carbon removal before the tonnes are delivered.
Directly reportedClimate venture
Early institutional capital for biological carbon-capture hardware — a development round, not delivered removals.
Directly reportedCarbon pricing
A think tank's policy-equivalent rate, not an enacted price — scrapping the credit could also save the budget A$34.2 billion over four years.
Directly reportedCarbon credits
The contract price is undisclosed; the headline figure is a scenario range calculated from a price benchmark.
Scenario range