Alternative asset management firm TPG has announced that its climate investment platform, TPG Rise Climate, will acquire a majority stake in Aurora Energy Research, a UK-based power market analytics provider.
Aurora Energy Research, established in 2013 by University of Oxford professors and economists, offers power market forecasting and analytics to aid significant investment and financial decisions through its proprietary data, analytics, and software platform. The company employs over 600 professionals across 17 global offices, with expertise in energy, finance, and consulting, covering sectors such as power, hydrogen, carbon, and fossil commodities.
Dr John Feddersen, Founder and CEO of Aurora Energy Research, commented, “This investment represents a major milestone along Aurora’s journey. TPG Rise Climate’s portfolio is driving the energy transition forward globally and we’re delighted to have the opportunity to contribute to this exceptional track record.”
Ed Beckley, Managing Partner at TPG Rise Climate, stated, “With increasing power demand across the globe, Aurora’s service offering has already proved invaluable, and we expect it to have strong growth prospects in the US, Asia, and beyond.”
In 2020, CGE, a private equity investor focused on information and software, led a management buyout of Aurora, with data and analytics fund 22C Capital also investing at that time. As part of the new transaction, CGE, 22C, and Feddersen will make significant reinvestments in the business.
Chloe Holding Curtis, Partner at CGE, said, “We are proud to have supported John and his team at Aurora in its growth journey to date and are delighted to remain investors alongside management, TPG Rise Climate, and 22C in this next phase of growth.”
TPG Rise Climate, launched in early 2021, invests in global climate solutions and spans various asset classes and sectors, such as growth equity and value-added infrastructure. The strategy focuses on areas including energy transition, green mobility, sustainable fuels, and carbon solutions, and is part of TPG’s $18 billion global impact investing platform, TPG Rise.
Jamie Gilbert, Business Unit Partner at TPG Rise Climate, noted, “Increased visibility into data and analytics for the power industry will continue to be a strategic differentiator across the energy value chain, and we are excited to partner with John, CGE, and 22C to accelerate Aurora’s growth.”
