TPG Capital-backed TPG NEXT completed an investment in Ardabelle Capital.

TPG Capital-backed TPG NEXT, a strategic initiative launched by TPG focused on seeding and scaling the next generation of investment firms, completed an investment in Ardabelle Capital, a private equity firm. Financial terms were not disclosed. “The Ardabelle strategy is rooted in our ability to invest in regional champions and scale them to be international leaders. To do so, we align broad networks and forge powerful partnerships to create the winners of tomorrow. TPG will be a strategic asset in broadening those networks, and the firm’s partnership-driven approach and pioneering climate expertise make them the perfect partner to help launch and scale Ardabelle,” Virginie Morgon, Ardabelle Founding and Managing Partner.