Global alternative asset manager TPG announced today the appointment of Scott Lebovitz Partner and Head of Infrastructure for the firm’s climate investing platform TPG Rise Climate, in a move TPG said was aimed at enhancing the strategy’s capabilities in infrastructure and real assets.
Launched in early 2021, TPG Rise Climate invests in climate solutions around the world, and across asset classes and sectors ranging from growth equity to value-added infrastructure, with investments focusing 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 a Partner and Global Co-Head and Co-CIO of Infrastructure Investing in the firm’s Asset Management Division, and where he also held a series of leadership roles across merchant banking, private equity, and infrastructure.
TPG said that he will join the firm in the second half of 2024, based in New York, and leading TPG Rise Climate infrastructure investing.
Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate, said:
“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.”