SEC filing record
Primary Source · SEC.gov

TPG Rise Climate Access Fund II, L.P.

Fund Vehicle2025 vintage506(c), 3(c)
Latest signalNew Form D filerForm D · 2025-04-30Last filing 2025-04-30

Raised

$33M

Investors

101

Min Invest

$50,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

TPG Rise Climate Access Fund II, L.P. is a Delaware pooled investment fund that filed Form D on 2025-04-30, disclosing $32.7M raised from 101 investors under Rule 506(c) and Section 3(c) exemptions. The fund maintains a $50K minimum investment and lists iCapital Alternative Investments LLC, Maples Fiduciary Services, and Asterion Fund Services among its related persons. First sale date was not disclosed.

This alternative investment fund uses a 506(c) exemption allowing general solicitation paired with 3(c) Investment Company Act exemptions. The $50K minimum investment represents a relatively accessible entry point for institutional and accredited retail channels, consistent with funds designed for platform distribution or broader accredited investor reach.

Data Flags

investor_count101 investors raising $32.7M implies an average check size of approximately $324K, indicating a relatively small average commitment per investor for a pooled fund vehicle
sales_commissionsNo sales commissions stated on a 506(c) general solicitation filing with 101 investors and platform-oriented distribution
related_personsMultiple service providers listed including iCapital (likely distribution/technology platform), Maples Fiduciary (institutional services), and Asterion Fund Services (administrator) alongside individual executives, suggesting a multi-layered operational structure

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002066142
Entity NameTPG Rise Climate Access Fund II, L.P.
ExemptionRule 506(c), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer AddressOne Grand Central Place, 60 East 42nd Street, 26th Floor, New York, NY 10165
Phone(212) 994-7400
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateApril 30, 2025
Accession Number0002066142-25-000001
Total Offering Amount$32,682,000
Total Amount Sold$32,682,000
Amount Remaining$0
Total Investors101
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationOne year or less
Sales Commissions$140,945 (to Merrill Lynch, Pierce, Fenner & Smith Incorporated)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

AltStreet Coverage

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All AltStreet news

In the Terminal

Filing events

1

latest Apr 30, 2025

Critical / warning

0 / 0

1 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

closed

Latest event New filer · Apr 30, 2025

SEC.gov
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Fund family Part of the TPG Rise Climate Access Fund family: 3 vehicles across 1 generation · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • The dated record: 12 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 1 filing event with values and deltas, latest 2025-04-30, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

Pro

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

-- iCapital Alternative Investments LLC

Executive Officer · New York, NY

-- Maples Fiduciary Services (Delaware) Inc.

Executive Officer · Wilmington, DE

-- Asterion Fund Services L.L.C.

Promoter · Wilmington, DE

Edward Truitt, Jr.

Executive Officer · Wilmington, DE

Scott Huff

Executive Officer · Wilmington, DE

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Merrill Lynch, Pierce, Fenner & Smith IncorporatedCRD 7691 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in all states

Questions About TPG Rise Climate Access Fund II, L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is TPG Rise Climate Access Fund II, L.P.?

TPG Rise Climate Access Fund II, L.P. is a Delaware limited partnership that filed a Form D with the SEC on April 30, 2025 as a private equity fund. The filing claims Rule 506(c), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests. AltStreet links the issuer to iCapital.

Is TPG Rise Climate Access Fund II, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. TPG Rise Climate Access Fund II, L.P. filed a Form D with the SEC on April 30, 2025 claiming Rule 506(c), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $32,682,000 sold to 101 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to iCapital, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is TPG Rise Climate Access Fund II, L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that TPG Rise Climate Access Fund II, L.P. claimed Rule 506(c), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has TPG Rise Climate Access Fund II, L.P. raised?

TPG Rise Climate Access Fund II, L.P. reported $32,682,000 sold from 101 investors of a $32,682,000 total offering as of the Form D filed April 30, 2025.

Who can invest in TPG Rise Climate Access Fund II, L.P.?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

What is the minimum investment in TPG Rise Climate Access Fund II, L.P.?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of April 30, 2025. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling TPG Rise Climate Access Fund II, L.P. and how are they paid?

The Form D names Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD 7691), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $140,945 and finders' fees as $0. Form D allows these to be estimates.

Who is behind TPG Rise Climate Access Fund II, L.P.?

The Form D lists 5 related persons: iCapital Alternative Investments LLC, executive officer; Maples Fiduciary Services (Delaware) Inc., executive officer; Asterion Fund Services L.L.C., promoter (General Partner of the Issuer); Edward Truitt, Jr., executive officer; Scott Huff, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is TPG Rise Climate Access Fund II, L.P. located?

The issuer's address on its SEC filings is One Grand Central Place, 60 East 42nd Street, 26th Floor, New York, NY 10165. Its phone number of record is 212-994-7400. It is organized under the laws of Delaware.

How long is the TPG Rise Climate Access Fund II, L.P. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is TPG Rise Climate Access Fund II, L.P.?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.