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Case
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Reference no. 9-824-077
Subject category: Finance, Accounting and Control
Authors: Vikram Gandhi (Harvard Business School); David Allen (Harvard Business School); Sarah Mehta (Harvard Business School); Shannon Roche (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2024
Version: 23 February 2024
Length: 25 pages
Data source: Published sources
Topics: Environmental regulation; Finance and investing; Politics; Value creation
Share a link: https://casecent.re/p/197104
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Abstract

This case is about TPG Rise Climate, a USD7.3 billion climate impact fund launched in 2021 by alternative asset manager TPG. Climate investing is a complex, capital-intensive endeavor; entering it has forced TPG to think and act differently. Relative to other funds, Rise Climate's investments take longer to mature, require far more capital, and are more vulnerable to swings in commodity markets and fickle government policies. Set in December 2023, the case finds TPG considering the future for Monolith, a Rise Climate portfolio company with significant impact potential but an uncertain business model.
Locations:
California; New York
Industries:
Energy and natural resources sector; Financial service sector
Size:
Large
Other setting(s):
2020-2023
Teaching note
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Reference no. 5-325-032
Subject category: Finance, Accounting and Control
Authors: Vikram Gandhi (Harvard Business School); David Allen (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2024
Version: 13 July 2024
Length: 10 pages
View full details

About

Abstract

This case is about TPG Rise Climate, a USD7.3 billion climate impact fund launched in 2021 by alternative asset manager TPG. Climate investing is a complex, capital-intensive endeavor; entering it has forced TPG to think and act differently. Relative to other funds, Rise Climate's investments take longer to mature, require far more capital, and are more vulnerable to swings in commodity markets and fickle government policies. Set in December 2023, the case finds TPG considering the future for Monolith, a Rise Climate portfolio company with significant impact potential but an uncertain business model.

Settings

Locations:
California; New York
Industries:
Energy and natural resources sector; Financial service sector
Size:
Large
Other setting(s):
2020-2023

Related

Teaching note
-
Reference no. 5-325-032
Subject category: Finance, Accounting and Control
Authors: Vikram Gandhi (Harvard Business School); David Allen (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2024
Version: 13 July 2024
Length: 10 pages
View full details