The e-commerce giant denied reports that it was about to accept crypto payments, which briefly pushed Bitcoin’s price above $40,000. The TPG Rise Climate fund will announce today that it has raised nearly $5.5 billion in its first investment round, which would make it the largest climate-focused fund in the world. The fund, which counts the TPG co-founder Jim Coulter as its managing partner, would rank as the 25th-largest private equity fund out of more than 1,200 raised this year, according to PitchBook. Corporations rarely invest in private equity funds, so their participation underscores the demand by both investors and companies to find climate solutions. He will have to prove the returns, but so far scale does not seem to be a challenge.

Source: New York Times July 27, 2021 11:01 UTC