TPG invested £500m in Clara Pensions, the member-first consolidator for defined benefit pension schemes. The fund committed an initial £225m, an amount expected to grow to £500m as Clara grows to scale. Adam Saron, CEO of Clara-Pensions, said: “Strong, patient capital is key to our model for securing members’ pensions. Finding the right partner to provide this has been a careful, crucial journey and TSSP fulfils exactly the criteria we have been looking for. Its track record and commitment to long-term capital investments chime perfectly with Clara’s aims."