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Climate change has been one of the biggest topics of 2021, but private capital specifically is still in a nascent stage in making progress in this space. TPG’s Executive Chairman Jim Coulter is raising one of the few climate funds in existence. Here he is on impact investing and the role of private capital in mitigating climate change risks.
(The below has been edited for length and clarity.)
Leslie Picker: Where did this idea come from? You’re co-managing partner of the Rise Fund [which] does impact investing specifically. What gave [you] the idea of raising a climate-focused fund?
Jim Coulter: Five years ago we began…