TPG-backed Rise Fund completed the acquisition of a 34% stake in Pearl Dairy.

TPG-backed The Rise Fund, a global impact investment fund completed the acquisition of a 34% stake in Pearl Dairy, a dairy processing company. Financial terms were not disclosed. “We are excited to be partnering with The Rise Fund and are looking forward to utilizing their global expertise to help build an inclusive ecosystem that will have an even larger impact on the lives of millions of Africans,” Amit Sagar, Pearl Dairy CEO.