TPG Rise Climate to acquire Olympus Terminals from Davidson Kempner Capital Management and Intrepid.

TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, agreed to acquire Olympus Terminals, an independent storage provider for renewable fuels and refined products in Southern California, from Davidson Kempner Capital Management and Intrepid. Financial terms were not disclosed. "Transportation represents the largest share of greenhouse gas emissions in the United States, and while there is a clear long-term trend towards electrification, additional proven and scalable decarbonization solutions such as sustainable fuels are an essential part of the equation," Jonathan Garfinkel, TPG Partner.