Scott Lebovitz has been appointed as a partner and head of infrastructure for TPG Rise Climate, the dedicated climate investing platform of global alternative asset management firm TPG, which is based in Fort Worth and San Francisco.
In his new role, TPG said Lebovitz will focus on its new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces. He will join TPG in the second half of the year and will be based in New York.
“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,” Jim Coulter, TPG founding partner and managing partner of TPG Rise Climate, said in a statement.
“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,” Coulter added. “Scott’s extensive experience in this market makes him ideally suited to drive the ongoing build-out of our climate infrastructure strategy.”
Joins TPG after 25-plus years at Goldman Sachs
Lebovitz joins TPG after more than 25 years at Goldman Sachs, where most recently he was a partner and global co-head and co-CIO of Infrastructure Investing in that firm’s Asset Management Division.
During his time at Goldman Sachs, Lebovitz held a number of leadership roles across merchant banking, private equity, and infrastructure. Since joining the infrastructure business in 2018, Lebovitz and his team have invested over $6.5 billion into 17 companies globally.
TPG Rise Climate and its new Transition Infrastructure strategy are part of TPG’s $18 billion global impact investing platform, TPG Rise.
The firm said the TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions around the world.
TPG said that Lebovitz joins a TPG Rise Climate senior leadership team that includes partners Ed Beckley, Jonathan Garfinkel, and Marc Mezvinsky, in addition to Coulter and Hank Paulson.
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