With its targeted investment strategy and deep insights, Ardabelle will capitalize on rising global demand for sustainable value chains by building next-generation suppliers and service providers who can drive them. We are excited to partner with Virginie and the Ardabelle team to support the firm's growth." According to the firms, in addition to the anchor fund commitment, the new partnership will also support Ardabelle's business building and expansion efforts, with the firm gaining access to TPG's global ecosystem, including its deep expertise in climate and impact investing. TPG launched its inaugural TPG NEXT fund in 2023, with a $500 million anchor commitment from CalPERS, aimed at providing capital and support to help managers establish and grow their firms. Ardabelle is the first European GP to be backed by TPG NEXT. Morgon said: "The Ardabelle strategy is rooted in our ability to invest in regional champions and scale them to be international leaders.