Fourth Partner Energy raises $70 million from TPG Growth

Fourth Partner Energy has raised an investment amount of $70 million from The Rise Fund, a global impact investment fund managed by TPG Growth. For this transaction, Investec, along with KPMG, acted as the adviser to Fourth Partner Energy and Shardul Amarchand Mangaldas provided diligence and legal advisory services to The Rise Fund and TPG Growth. The company plans to use this investment to strengthen its position in the renewable energy sector and accelerate its growth through the renewable energy service company (RESCO) model across the industrial, commercial and public sectors. Fourth Partner is expected to utilise the funds to fulfil its target of managing over 1 GW of distributed solar assets by 2022. In addition, this will allow the company to deliver new solutions and expand its operations in Southeast Asia, the Middle East and Africa.

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