TPG Rise to invest in Monarch Bioenergy.

TPG Rise, the climate investing strategy of TPG, agreed to invest in Monarch Bioenergy, a joint venture between Roeslein Alternative Energy and Smithfield Foods. Financial terms are not disclosed. “For years, Rudi Roeslein and his eponymous company RAE have been developing proven, market-based solutions to demands for both sustainable agriculture and renewable energy. Applying RAE’s anaerobic digester technology, as well as additional circular technologies and environmental protections, to Smithfield’s hog farms is a significant and meaningful step towards addressing methane emissions at their source. Advancing and scaling proven GHG abating technologies like those used by Monarch is central to our mission at TPG Rise Climate, and we look forward to working with RAE and Smithfield to advance and drive operational best practices for these emerging technologies,” Marc Mezvinsky, TPG Rise Business Unit Partner.