TPG and Hassana Investment Company Announce $1.5 Billion Strategic Partnership in TPG Rise Climate Platform for Global Decarbonization and Energy Transition
TPG (NASDAQ: TPG), a leading global alternative asset management firm, and Hassana Investment Company, the investment manager for Saudi Arabia's General Organization for Social Insurance (GOSI), have announced a strategic partnership worth $1.5 billion in the TPG Rise Climate platform. This partnership includes a significant anchor commitment to TPG Rise Climate’s new Transition Infrastructure fund.
The collaboration aims to capitalize on global climate investment opportunities, highlighting Saudi Arabia’s emergence as a significant player in the investment and partnership landscape. Jon Winkelried, CEO of TPG, expressed enthusiasm for the alliance, noting the strong alignment between Hassana’s goals and TPG’s strategies. “We look forward to working closely with Hassana, known for its collaborative approach and long-term investment horizon,” Winkelried said. “This partnership demonstrates our shared commitment to leading the evolution of the climate investing space.”
Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate, emphasized the critical role of large, sophisticated investors like Hassana in meeting the capital demands of the new climate economy. “With this commitment, we are driving the TPG Rise Climate platform's evolution to continue delivering differentiated capital and capabilities globally and within the Kingdom,” Coulter stated.
Hani Aljehani, CIO International Markets of Hassana, underscored the significance of partnering with TPG Rise Climate. He praised the platform’s global ecosystem and holistic approach to climate sector investments. “TPG Rise Climate’s impact-driven platform and track record of strong returns make it an ideal partner for Hassana,” Aljehani said. “This partnership reflects Hassana’s confidence in TPG’s expertise and the value it brings to climate investing.”
TPG Rise Climate, part of TPG’s $19 billion impact platform, invests substantial capital across various climate sectors, including energy transition, green mobility, sustainable fuels, sustainable products and materials, and carbon solutions. Its new Transition Infrastructure strategy offers clients a value-added risk-return profile, bridging core infrastructure and private equity.
This partnership between TPG and Hassana highlights the importance of both international and local collaborations in addressing global climate challenges. By combining TPG's deep investment expertise and global capabilities with Hassana's local network and insights, the two firms are well-positioned to drive positive change and seize climate investment opportunities across borders.
