The Rise Fund
Impact investorFort Worth · Growth · 11 people tracked
Also known as Rise Advisors, Llc · TPG CAPITAL ADVISORS, LLC
Find your way into The Rise Fund
3,767 people in our graph share verified history with the The Rise Fund team — schools, employers, funds. One of them is your warm intro.
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 1, 2026.
Team · 11 people
from curated
What they invest in
from 9 of 14 portfolio companiesConsumer ×3EdTech ×3AI & Machine Learning ×2Digital Health ×2Fintech ×2Healthtech ×2Impact & Social Good ×2Wellness & Fitness ×2
HQs:United States×6Argentina×1Indonesia×1India×1
Investments · showing 13 of 14
founders shown can be your intro pathBy year:2022 · 12021 · 12017 · 13 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+5 more
C3 AI develops a platform and suite of software products that help organizations build, deploy, and operate artificial intelligence applications across enterprise operations, asset management, supply chain, and other domains.
Redwood City, US
Thomas M. Siebel(Executive Officer, Director)inPaul Phillips(Executive Officer)inEd Abbo(Executive Officer, Director)in
BoardNehal Raj(Director)inMichael G. McCaffery(Director)Condoleeza Rice(Director)
Co-investorsTPG
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
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
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 InitiativeElevation CapitalOmidyar Network
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-investorsAgronomicsS2G InvestmentsTPG
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)Valor Capital Group
Migo is a Credit-as-a-Service platform that lets companies offer credit to their customers using AI-powered credit scoring.
Co-investorsAppWorks VenturesTemasekValor Capital GroupVelocityVickers Venture 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
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 IoTNYSE: AICeribellNASDAQ: CBLL
Portfolio news
latest coverage across their companiesCeribell · investing.com · Sep 11, 2026
Bicara Therapeutics · fool.com · Aug 18, 2026
Rubicon Carbon · bloomberg.com · Aug 7, 2026
LIVEKINDLY · agfundernews.com · Aug 6, 2026
Migo · apps.apple.com · May 20, 2026
Migo · apps.apple.com · May 20, 2026
Beautycounter · aladygoeswest.com · Jul 6, 2025
Fund 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 14 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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