TPG Rise Climate, the climate-focused investment platform of global alternative asset manager TPG, has acquired Aurora Energy Research.
Aurora, founded in 2013 and headquartered in Oxford, provides data-driven insights to support energy investment and financing decisions. TPG, listed on the Nasdaq and managing $251bn in assets, operates across private equity, credit, real estate and impact investing, with offices globally.
The acquisition aims to support Aurora’s next phase of strategic growth and innovation, expanding its global footprint and accelerating its mission to support the energy transition. The value of the deal was not disclosed, but the transaction includes significant reinvestments from Aurora’s current backers, CGE Partners, 22C Capital, and CEO John Feddersen.
Aurora Energy Research offers a comprehensive suite of forecasting and analytics services tailored for the global power market. Its solutions include market outlook packages, advisory services, and software tools that help clients make critical investment decisions. The company operates from 17 offices spanning Europe, North America, South America, Asia, and Australia.
TPG, based in San Francisco, was established in 1992 and has grown into one of the largest alternative asset managers in the world. Its TPG Rise Climate platform focuses on investing in companies and technologies that support the transition to a low-carbon economy. Its investment strategy combines operational expertise with a strong commitment to impact.
The transaction is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions. It marks a significant development in the energy data and analytics sector, particularly within the energy and commodities vertical.
Dr John Feddersen, founder and CEO of Aurora Energy Research, said, “This investment represents a major milestone along Aurora’s journey. TPG Rise Climate’s portfolio is driving the energy transition forward globally and we’re delighted to have the opportunity to contribute to this exceptional track record.”
TPG partner Edward Beckley said, “With increasing power demand across the globe, Aurora’s service offering has already proved invaluable, and we expect it to have strong growth prospects in the US, Asia and beyond.”
TPG Rise Climate business unit partner Jamie Gilbert said, “Increased visibility into data and analytics for the power industry will continue to be a strategic differentiator for providers, and we are excited to partner with John, CGE, and 22C to accelerate Aurora’s growth.”
CGE partner Chloe Holding Curtis said, “We are proud to have supported John and his team at Aurora in its growth journey to date and are delighted to remain investors alongside management, TPG Rise and 22C in this next phase of growth.”
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