Global alternative asset manager TPG today announced the appointment of Scott Lebovitz Partner and Head of Infrastructure to the firm's climate investment platform TPG Rise Climate, in a move that TPG said is aimed at enhancing the strategy's infrastructure and asset capabilities. real.
Launched in early 2021, TPG Rise Climate invests in climate solutions across the world and across asset classes and sectors ranging from growth capital to value-added infrastructure, with investments focused on areas including energy transition, green mobility, sustainable fuels and carbon solutions. The strategy is part of TPG's $18 billion global impact investing platform, TPG Rise.
Lebovitz joins TPG after more than 25 years at Goldman Sachs, most recently serving as partner, global co-head and co-CIO of infrastructure investments in the firm's asset management division, and where he also held a number of leadership roles in the commercial banking sector. , private capital and infrastructure.
TPG said it will join the company in the second half of 2024, based in New York, and leading TPG Rise's climate infrastructure investments.
Jim Coulter, founding partner of TPG and managing partner of TPG Rise Climate, said:
“We see substantial opportunities to deploy capital 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 investment 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 continued buildout of our climate infrastructure strategy.”
