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Scott Lebovitz Joins TPG as Partner to Lead TPG Rise Climate Infrastructure Investing

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TPG appoints Scott Lebovitz as Partner and Head of Infrastructure for TPG Rise Climate, focusing on investments in infrastructure and real assets critical to global decarbonization and energy transition. Lebovitz joins from Goldman Sachs with over 25 years of experience and will be based in New York. TPG Rise Climate is part of TPG's $18 billion global impact investing platform, TPG Rise, and aims to make investments across asset classes in climate solutions worldwide.
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The appointment of Scott Lebovitz as Partner and Head of Infrastructure for TPG Rise Climate represents a strategic move for TPG, a global alternative asset management firm. Lebovitz's extensive experience in infrastructure investing, particularly his tenure at Goldman Sachs, where he oversaw substantial investments, is poised to bolster TPG's capabilities in climate-focused infrastructure investments. This move underscores TPG's commitment to expanding its footprint in the increasingly important climate investment sector.

From a market perspective, this appointment could signal TPG's intention to intensify its activities in the infrastructure and real assets space, which may lead to increased competition for deals in the sector. Investors may anticipate a potential uptick in deal flow and might look for TPG to leverage Lebovitz's expertise to secure high-quality investments, which could, in turn, drive the firm's performance and possibly affect its stock valuation positively.

TPG's announcement of Scott Lebovitz joining its senior leadership team is noteworthy for shareholders and investors due to the implications for future capital deployment strategies. Lebovitz's track record of investing over $6.5 billion into 17 companies globally suggests an aggressive approach to investment which could translate into robust growth for TPG's portfolio, particularly in the climate infrastructure sector. The firm's focus on investments that aid in global decarbonization aligns with current investment trends favoring sustainable and environmentally responsible projects.

Considering the size of TPG's global impact investing platform, TPG Rise, valued at $18 billion and the launch of TPG Rise Climate, the firm is positioning itself to capitalize on the growing demand for climate solutions. This strategic positioning could potentially enhance the firm's long-term profitability and attract investors interested in ESG (Environmental, Social and Governance) criteria.

Scott Lebovitz's role in driving the build-out of TPG's climate infrastructure strategy highlights the increasing integration of environmental considerations into financial decision-making. The focus on infrastructure and real assets critical to decarbonization and energy transition is indicative of a broader industry trend toward sustainable investment. TPG's Transition Infrastructure strategy, aimed at providing a risk-return profile positioned between core infrastructure and private equity, reflects an innovative approach to climate finance.

This strategy may provide an opportunity for investors to diversify their portfolios with assets that are not only financially promising but also contribute to environmental sustainability. The initiative is likely to resonate with institutional investors who are increasingly mandated to consider climate impact in their investment portfolios. Lebovitz's leadership could enhance TPG Rise Climate's ability to identify and execute on investment opportunities that align with global climate goals, potentially setting a precedent for other firms in the asset management industry.

Appointment expands and enhances TPG Rise Climate’s capabilities in Infrastructure and Real Assets

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)-- TPG (NASDAQ: TPG), a leading global alternative asset management firm, announced today the appointment of Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform. In this new role, Lebovitz will focus on the firm’s new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces.

Lebovitz comes to TPG after more than 25 years at Goldman Sachs where he most recently served as a Partner and Global Co-Head and Co-CIO of Infrastructure Investing in the firm’s Asset Management Division. Throughout his tenure at Goldman Sachs, Lebovitz held a number of leadership roles across merchant banking, private equity, and infrastructure. Since joining the infrastructure business in 2018, Lebovitz and his team have invested over $6.5 billion into 17 companies globally. He will join TPG in the second half of 2024 and will be based in New York.

TPG Rise Climate and its new Transition Infrastructure strategy are part of TPG’s $18 billion global impact investing platform, TPG Rise. TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions around the world. Lebovitz joins a TPG Rise Climate senior leadership team that includes Partners Ed Beckley, Jonathan Garfinkel, and Marc Mezvinsky, in addition to Jim Coulter and Hank Paulson.

“We see substantial capital deployment opportunities to build real assets in the future, both within our current TPG Rise Climate portfolio and across the broader climate sector. TPG Rise Climate Transition Infrastructure will be a natural evolution of our climate investing platform, offering our clients a risk-return profile positioned between core infrastructure and private equity. Scott’s extensive experience in this market makes him ideally suited to drive the ongoing build-out of our climate infrastructure strategy,” said Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate.

About TPG

TPG (NASDAQ: TPG) is a leading global alternative asset management firm, founded in San Francisco in 1992, with $212 billion1 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. For more information, visit www.tpg.com.

1 As of September 30, 2023, including AUM attributable to TPG Angelo Gordon on a pro forma basis.

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TPG

Ari Cohen

media@tpg.com

(415) 743-1550

Source: TPG

FAQ

Who is the new Partner and Head of Infrastructure for TPG Rise Climate?

Scott Lebovitz is the new Partner and Head of Infrastructure for TPG Rise Climate.

What is TPG's ticker symbol?

TPG's ticker symbol is NASDAQ: TPG.

What is the focus of TPG Rise Climate's new strategy?

The new strategy targets investments in infrastructure and real assets critical to global decarbonization and energy transition marketplaces.

When will Scott Lebovitz join TPG?

Scott Lebovitz will join TPG in the second half of 2024.

Where will Scott Lebovitz be based?

Scott Lebovitz will be based in New York.

What is the goal of TPG Rise Climate?

TPG Rise Climate aims to make investments across asset classes in climate solutions around the world.

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