In a significant step toward advancing ESG and carbon neutral strategy goals in emerging markets, the International Finance Corporation (IFC) has committed $100 million in equity to TPG’s Global South Initiative (GSI). The investment supports TPG’s broader $2.5 billion climate investment strategy aimed at scalable, high-impact projects across the Global South. 

Launched during COP28, the GSI is designed to catalyze private equity capital into climate-focused sectors including clean energy, sustainable materials, and climate adaptation technologies. With institutional backing from UAE-based ALTÉRRA and TPG’s Rise Climate II Fund, the initiative has already secured $1.25 billion in initial commitments by September 2024. 

TPG’s first GSI deployment took place in March 2025, acquiring Siemens Gamesa’s onshore wind turbine operations in Sri Lanka and India. This strategic move aims to bolster renewable energy infrastructure in South Asia—advancing both regional development and carbon neutral strategies aligned with global climate goals. 

“IFC’s deep capital allocation experience in emerging markets, alongside Altérra’s anchor catalytic capital, will help channel private equity toward cost-competitive climate solutions,” TPG stated. 

The GSI builds on the success of the TPG Rise platform, which blends social impact with strong financial performance. Rise Climate II, launched in 2023, has already raised $5.5 billion toward a $10 billion target, reflecting robust investor appetite for ESG-aligned investments. 

IFC’s involvement underscores growing institutional confidence in blended finance models that combine private equity economics with measurable ESG outcomes. The GSI is uniquely positioned to accelerate sustainable development across emerging markets while enabling investors to meet their ESG and climate resilience goals. 

With scalable capital, global partnerships, and a clear mandate for impact, TPG’s Global South Initiative represents a transformative force in climate finance. 

출처:  

https://esgnews.com/ifc-commits-100m-to-tpgs-climate-investment-push-in-global-south/  

https://www.esgtoday.com/ifc-invests-100-million-in-tpgs-global-south-focused-climate-solutions-strategy/