TPG Growth’s social impact fund invests $70 million in Fourth Partner Energy

The Rise Fund, a global impact fund led by TPG Growth, has invested Rs 4.75 billion ($70 million) in Fourth Partner Energy, a renewable energy services company that is involved in the development and financing of solar rooftop projects. The funds will be utilised by Fourth Partner Energy to expand its solutions and diversify its operations in other regions including Southeast Asia, West Asia and Africa. The firm also plans to use the funds to accelerate its growth through the renewable energy service company model for industrial and commercial clients.