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TPG Appoints Partner, Head of Infrastructure for TPG Rise Climate

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9 months ago

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TPG Appoints Partner, Head of Infrastructure for TPG Rise Climate

TPG has announced the appointment of Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform. [Photo: LinkedIn]

Scott Lebovitz has been appointed as a partner and head of infrastructure for TPG Rise Climate, the dedicated climate investing platform of global alternative asset management firm TPG, which is based in Fort Worth and San Francisco.

In his new role, TPG said Lebovitz will focus on its new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces. He will join TPG in the second half of the year and will be based in New York.

“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,” Jim Coulter, TPG founding partner and managing partner of TPG Rise Climate, said in a statement.

“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,” Coulter added. “Scott’s extensive experience in this market makes him ideally suited to drive the ongoing build-out of our climate infrastructure strategy.”

Joins TPG after 25-plus years at Goldman Sachs

Lebovitz joins TPG after more than 25 years at Goldman Sachs, where most recently he was a partner and global co-head and co-CIO of Infrastructure Investing in that firm’s Asset Management Division.

During his time 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.

TPG Rise Climate and its new Transition Infrastructure strategy are part of TPG’s $18 billion global impact investing platform, TPG Rise.

The firm said the TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions around the world.

TPG said that Lebovitz joins a TPG Rise Climate senior leadership team that includes partners Ed Beckley, Jonathan Garfinkel, and Marc Mezvinsky, in addition to Coulter and Hank Paulson.

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R E A D   N E X T

  • TPG is headquartered in Fort Worth and San Francisco, and ALTÉRRA is the world’s largest private investment vehicle for climate change action. ALTÉRRA was launched at the World Climate Action Summit at COP28, taking place Nov. 30 to Dec. 12 in the UAE.

  • Global alternative asset management firm TPG has closed TPG Tech Adjacencies II, the firm’s second fund for its strategy dedicated to providing flexible capital solutions to the technology industry. TPG, headquartered in Fort Worth and San Francisco, said it secured $3.4 billion of equity commitments for TTAD II and related vehicles, surpassing the fund’s target and doubling the capital raised for the inaugural TTAD fund in 2018. TTAD is led by co-managing Partners Nehal Raj, who co-leads the firm’s investment activities in Software and Enterprise Technology across its private equity platforms, and David Trujillo, who leads TPG’s Internet, Digital Media,…

  • Nehal Raj and Jeffrey Rhodes serve as co-managing partners of TPG Capital, the firm’s U.S. and European private equity business, and Jim Baumgarten as co-managing partner of TPG Angelo Gordon, the firm’s diversified credit and real estate investing platform.

  • Ayanna Clunis, a former managing director at JPMorgan with more than 20 years of experience in financial services, will oversee all operational and technology functions across the firm globally.

  • TPG, which is based in Fort Worth and San Francisco, has agreed to acquire a majority stake in Elite to accelerate the growth and expansion of its legal tech solutions.

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