The Rise Fund
Impact investorFort Worth · Growth · 6 people tracked
Also known as Rise Advisors, Llc · TPG CAPITAL ADVISORS, LLC
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Investment thesis
The Rise Fund pioneered institutional-scale impact investing and forms part of TPG's Impact Platform, which pursues non-concessionary (market-rate) returns alongside measurable social and environmental impact. It invests through growth equity, private equity, and infrastructure strategies, backing mission-driven founders in areas such as climate, education, financial inclusion, healthcare, and technology. The platform relies on TPG's global resources, an advisor network, and a corporate coalition to source deals and build value. Impact is rigorously assessed through Y Analytics, a dedicated public benefit entity that measures and manages social and environmental outcomes across the portfolio.
Source: firm website, verified Sep 22, 2026.
Team · 6 people
from curatedWhat they invest in
from 13 of 17 portfolio companiesAI & Machine Learning ×4Consumer ×4EdTech ×4Impact & Social Good ×3Digital Health ×2Direct to Consumer ×2Fintech ×2FoodTech ×2
HQs:United States×7Argentina×1United Kingdom×1Indonesia×1India×1
Investments · 17 tracked
founders shown can be your intro pathBy year:2023 · 12022 · 12021 · 12018 · 12017 · 37 dated
Bicara Therapeutics is a clinical-stage biopharmaceutical company developing bifunctional antibody therapies that combine tumor-targeting with immune-modulating payloads to treat solid tumors.
Ivan Hyep(Chief Financial Officer and Treasurer)inLara Meisner(Chief Legal Officer, Compliance Officer and Corporate Secretary)inDavid Raben(Chief Medical Officer)in
Co-investorsAisling CapitalEight Roads VenturesF-Prime CapitalForesite CapitalPremji InvestRA Capital+6 more
C3 AI develops an enterprise AI platform that unifies data, intelligent agents, and domain-specific AI models to help large organizations make faster and better operational decisions.
AI & Machine LearningEnterprise SoftwareSaaSSector AgnosticSan Jose, US
Thomas M. Siebel(Founder, Chairman, and CEO)inPaul Phillips(Executive Officer)inEd Abbo(Executive Officer, Director)inChristopher Werner(Executive Officer, Director, Promoter)Dana Jurika(Executive Officer, Director, Promoter)Martin Gallon(Executive Officer, Director, Promoter)
Co-investorsBreyer CapitalConstellation Technology VenturesSutter Hill VenturesTPG
Ceribell is a medical technology company that develops products for detecting and monitoring seizures, including EEG-based diagnostic systems.
AI & Machine LearningDigital HealthHealthtechMedical DevicesSunnyvale, US
Josef Parvizi(Director)inXingjuan (Jane) Chao(President, CEO, Co-Founder & Director)inScott Blumberg(Executive Officer)inJoseph Taylor(Director)Raymond Woo(Executive Officer)David Stoffel(Executive Officer)
Co-investorsLongitude CapitalRA CapitalRed Tree VentureShangBay Capital LLC
Beauty Counter is a clean beauty brand that sells safer, high-performance skincare and beauty products and runs an affiliate/brand partner program where partners earn commissions by sharing products with their communities.
ConsumerDirect to ConsumerE-commerceWellness & Fitness
Co-investorsKnox LaneStructural Capital
Brava is a technology company that makes a countertop cooking appliance using its Pure Light Cooking technology to prepare home-cooked meals and snacks quickly.
ConsumerDirect to ConsumerFoodTechHardware
Brendan Hutchinson(Founder)inDan Yue(Founder)John Pleasants(Founder)Thomas Cheng(Founder)
Co-investorsCowboy VenturesDGNL VenturesLong Venture PartnersNext Coast VenturesLead Edge CapitalLightspeed Venture Partners+1 more
Washington, US
Brian Dunlap(Director)Ellen Trotochaud(Director)Larry Brilliant(Director)Jesse Berns(Executive Officer, Director)Michael Roytman(Executive Officer, Director)inSteve Singh(Director)
Digital House Schools offers a complete teaching platform delivering digital skills curricula aligned with market demand to schools across Latin America.
AI & Machine LearningEdTechBuenos Aires, AR
Demian Schnaidman(Founder)Nelson Duboscq(Founder)Pablo Dulman(Founder)Sebastián Mackinlay(Founder)
Co-investorsKaszek VenturesRiverwood CapitalEndeavor CatalystOmidyar Network
Elevar Equity is an emerging markets investment firm that provides early-growth equity capital and impact investing to businesses serving underserved customers and households in India and Latin America.
Digital HealthFintechHealthtechImpact & Social GoodNew Delhi, IN
Priyadarshi Mohapatra(Founder and CEO)Sandeep Farias(Partner)inJohanna Posada(Partner)Maya ChorengelChris BrookfieldJyotsna Krishnan(Partner)
Co-investorsBlue Haven InitiativeHis FundSorenson Impact FoundationElevation CapitalOmidyar Network
Founded in 2011, previously called Zipongo; a digital nutrition company.
Milo Krastev(Founder)inJason Langheier(Founder)
Co-investorsBee PartnersHealthtech CapitalIntermountain HealthMayfield FundNew Ground VenturesRally Ventures Management, Llc+3 more
Hayden AI develops artificial intelligence and spatial analytics software for governments and businesses, with a focus on transportation and public safety.
AI & Machine LearningGovTechMobility & TransportationSan Francisco, US
Christopher Carson(Executive Officer, Director)Samuel Dundee(Executive Officer)Connie Valencia(Executive Officer)Marty Beard(CEO)in
BoardSteve Ellis(Director)Lisa Schule(Director)
Co-investorsAlumni VenturesAutotech VenturesBlack Mountain VentuesCastor VenturesCostella KirschDoon Capital+9 more
LIVEKINDLY operates flagship physical destinations combining plant-based dining, boutique stores for sustainable fashion, cruelty-free beauty, and wellness products, plus spa treatments and culinary classes.
ConsumerFoodTechWellness & Fitness
Co-investors7 Gate VenturesAgronomicsBlue Horizon CorporationCollateral GoodNourish VenturesRabo Corporate Venturing+3 more
Migo provides offline digital content delivery to underserved consumers in emerging markets, allowing them to download movies, TV shows, education content, and podcasts via Wi-Fi hotspots at partner locations without using mobile data.
ConsumerData & InfrastructureEdTechJakarta, ID
Barrett Comiskey(Founder and Chairman)
Co-investorsTemasekRising Tide Africa (RTA)B37 VenturesHyundai CRADLESecond Avenue PartnersThayer Ventures+2 more
Migo is a Credit-as-a-Service platform that lets companies offer credit to their customers using AI-powered credit scoring.
Co-investorsAppWorks VenturesB37 VenturesHyundai CRADLESecond Avenue PartnersTemasekThayer Ventures+4 more
An educational organization that integrates sustainability into its operations to equip students with critical skills for a changing world.
EdTechImpact & Social Good
David Leatherbarrow(Group CEO)Richard Power(UK CEO)in
Co-investorsInvestcorpSovereign Capital Partners
Rubicon Carbon invests in and finances carbon removal and emissions reduction projects through forest restoration, peatland protection, and innovative carbon capture technologies.
CleantechClimate TechFintechImpact & Social Good
Tom Montag(Founding Chief Executive Officer)in
BoardAnne Finucane(Chairwoman)
Co-investorsTPGJetBlue VenturesSKY VCBank of America
Teachers of Tomorrow is a teacher certification program that offers 50+ certification areas in Texas across subjects ranging from core academics to specialized fields like bilingual education, computer science, and special education.
EdTechFuture of WorkHR TechTexas, US
Dr. Heath Morrison(CEO)
Co-investorsRidgemont Equity
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Exits · 4
3 IPOs · 1 acquisitions · showing 3Bicara TherapeuticsNASDAQ: BCAXC3 AINYSE: AICeribellNASDAQ: CBLL
Portfolio news
latest coverage across their companiesFund performance · per public LP disclosures · 5
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| The Rise Fund III, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System | 2023 | — | 24.0% | 1.30x | 0.04x |
| The Rise Fund IILPs: New Jersey Division of Investment, Florida State Board of Administration | 2019 | — | — | 1.32x | 0.00x |
| The Rise Fund (A), L.P.LPs: California Public Employees' Retirement System, New Mexico Educational Retirement Board | 2017 | — | 10.0% | 1.46x | 0.61x |
| The Rise Fund, L.P.LPs: Empire State Development – New York Ventures, The Regents of the University of California, Hawaii Employees' Retirement System +1 more | 2017 | — | 9.4% | 1.43x | 0.63x |
| The Rise Fund I, L.P.LPs: Florida State Board of Administration | 2007 | — | 21.9% | 1.65x | 0.36x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has The Rise Fund made?
- The Rise Fund has 17 tracked investments, 4 of which have exited.
- What stage does The Rise Fund invest at?
- The Rise Fund invests at the Growth stage.
- What sectors does The Rise Fund focus on?
- The Rise Fund focuses on AgTech, Cleantech, Climate Tech, EdTech, Energy, Enterprise Software, Fintech, FoodTech, Healthtech, Impact & Social Good, Mobility & Transportation, SaaS, Wellness & Fitness.
- Where is The Rise Fund located?
- The Rise Fund is headquartered in Fort Worth, US.
Media · Podcasts & interviews
featuring the team9. The Rise Fund’s Steve Ellis
Persefoni · Steve Ellis
The Seed of A Vision - Maya Chorengel, Senior Partner of The Rise Fund
Retellable Storytelling · Maya Chorengel
Images
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