JD Vargas Joins TPG as Partner

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09/08/2025 - 12:00 PM

Vargas joins growing TPG Rise Climate Transition Infrastructure team

SAN FRANCISCO & FORTH WORTH, Texas--(BUSINESS WIRE)-- TPG Inc. (NASDAQ: TPG), a leading global alternative investment firm, announced today the appointment of Juan Diego “JD” Vargas as a Partner, serving as a senior member of the TPG Rise Climate Transition Infrastructure (“TPG Rise Climate TI”) team, effective today. Vargas will play a key role in expanding the firm’s value-add infrastructure strategy, which focuses on growing and scaling businesses and assets in essential subsectors and geographies across the climate ecosystem. He is based in New York.

Vargas brings to TPG nearly 20 years of experience investing in energy and infrastructure. Most recently, he served as a Partner on EQT’s Infrastructure team, where he was instrumental in deploying capital into critical infrastructure sectors, including energy, transportation, water, and waste management. Prior to EQT, he served as a Director at First Reserve, an energy and infrastructure private equity firm, where he focused on investments across energy, transportation, utilities, and logistics. Vargas began his career as an analyst at Morgan Stanley in its Financial Sponsors and Latin America Groups.

“As the world transitions to meet the energy demands and infrastructure needs of the next-generation economy, there has never been a greater need and a greater opportunity for focused and dedicated pools of capital like TPG Rise Climate Transition Infrastructure,” said Vargas. “TPG’s longstanding leadership in climate investing has created a differentiated platform that resonates deeply with investors and management teams around the world, and I’m thrilled to be joining this talented team.”

“We are delighted to welcome JD to our growing Transition Infrastructure team,” said Scott Lebovitz, a Managing Partner and Head of Infrastructure for TPG Rise Climate. “JD adds a unique and complementary set of capabilities to our climate investing team, with deep expertise in infrastructure and real assets across our key sectors. Combining JD’s leadership and experience with our value creation tool kit and broad approach to the climate sector, we continue to be well-positioned to capitalize on opportunities emerging from the rapidly evolving energy and infrastructure landscape.”

TPG Rise Climate TI is part of TPG’s $29 billion global impact investing platform. Earlier this year, the strategy completed its first investment with the take private of Altus Power, the largest owner of commercial-scale solar in the US. In addition, TPG Rise Climate TI has developed a strong pipeline of investment opportunities in key regions around the world and across TPG Rise Climate’s core themes, including clean electrons, clean molecules and materials, and adaptive solutions.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.