Former Goldman Sachs senior leader takes new role at TPG

The asset manager sees significant opportunity in infrastructure and real assets.

After 25 years with Goldman Sachs, Scott Lebovitz is joining TPG as a partner and head of infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform.

At Goldman he held several leadership roles, most recently a partner and global co-head and co-CIO of Infrastructure Investing in the firm’s Asset Management Division, a team that has invested more than $6.5 billion in 17 companies globally.

In his new role he will be part of TPG’s $18 billion global investing platform TPG Rise and will focus on the firm’s new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces.

The dedicated climate-focused part of the platform was launched in 2021 and focuses on climate solutions within three thematic areas: clean electrons (energy transition and green mobility), clean molecules (sustainable fuels and sustainable molecules), and negative emissions (carbon solutions).

“We see substantial capital deployment opportunities to build real assets in the future, both within our current TPG Rise Climate portfolio and across the broader climate sector. TPG Rise Climate Transition Infrastructure will be a natural evolution of our climate investing platform, offering our clients a risk-return profile positioned between core infrastructure and private equity. Scott’s extensive experience in this market makes him ideally suited to drive the ongoing build-out of our climate infrastructure strategy,” said Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate.

Along with Coulter, Lebovitz will be joining a leadership team including Partners Ed Beckley, Jonathan Garfinkel, and Marc Mezvinsky; and TPG Rise Climate executive chairman Hank Paulson.

Lebovitz is expected to start his new role in the second half of 2024.