TPG has announced the $7.3 billion final close of the TPG Rise Climate fund.

The  TPG Rise Climate fund targets growth-stage investments in climate solutions. Recent investments include solar tracking company Nextracker, creating North America’s largest marketer and originator of carbon and environmental credits, and a partnership with Tata Motors to lead the electrification of passenger mobility in India.

TPG Rise Climate leverages the capabilities of Y Analytics, which values and manages the ESG impact of its investments. By using research and evidence to establish a company’s potential Carbon Yield, the TPG Rise Climate team is able to estimate the tons of carbon dioxide equivalent emissions avoided per dollar it invests.