Marc Mezvinsky on TPG Rise Climate’s $7B Fund & Impact

Marc Mezvinsky is a partner at TPG Rise Climate. TPG Rise Climate is among the largest pools of capital ever raised with a dedicated focus on climate tech. They announced a debut fund in 2021 at over $7 billion—and another very large fund currently in the works. Rise Climate is part of the broader TPG Rise platform, the impact arm of the publicly traded private equity firm TPG, which manages more than $220 billion in assets.

Marc and I discuss his background and career path in finance across various asset classes, including private equity, venture capital at Social Capital, investment banking at Goldman Sachs, and hedge fund management, in addition to his work in climate tech.

Of note, Marc has a fascinating personal history as the son of two former U.S. House Representatives and as the son-in-law of former U.S. President Bill Clinton and former U.S. Secretary of State Hillary Clinton—he is married to Chelsea Clinton.

We also discuss how Marc approaches capital deployment at TPG Rise Climate, how he thinks about impact in his work, and how TPG Rise Climate evaluates impact relative to market-rate returns.

In this episode, we cover: 

• [3:04] An overview of TPG Rise Climate
• [8:34] The fund’s investment approach
• [11:12] TPC Rise Climate’s impact mandate
• [16:16] Marc’s background and path into finance
• [26:16] His exposure to policymaking and its impact on his work
• [38:10] Areas Marc and TPG Rise are exploring
• [44:07] Headwinds and tailwinds  on Marc’s radar

Episode recorded on Jan 23, 2025 (Published on Feb 27, 2025)

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*Editing and post-production work for this episode was provided by The Podcast Consultant