TPG, a leading global alternative asset management firm, today announced the $7.3 billion final close of TPG Rise Climate, the dedicated climate investing strategy of its global impact investing platform TPG Rise.

With the final close, TPG Rise Climate reaches its hard cap, bringing together a unique blend of capital from some of the world’s most prominent institutional investors and a diverse set of industry-leading global companies.

As part of the $14 billion TPG Rise global impact investing platform, TPG Rise Climate leverages the capabilities of Y Analytics, TPG’s public benefit LLC dedicated to understanding, valuing, and managing the social and environmental impact of its investments. By using research and evidence to establish a company’s potential Carbon Yield, the TPG Rise Climate team is able to estimate the tons of carbon dioxide equivalent emissions avoided per dollar it invests.

Read more: Business Wire