Scott Lebovitz will join TPG as a partner and head of infrastructure for TPG Rise Climate, the firm's dedicated climate investing platform, in the second half of 2024, a news release said.
It is a new position, and Lebovitz will be working on a new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces. A spokesperson confirmed the details of the appointment.
TPG Rise Climate and its new transition infrastructure strategy are part of TPG's $18 billion global impact investing business, TPG Rise.
"We see substantial capital deployment opportunities to build real assets in the future, both within our current TPG Rise Climate portfolio and across the broader climate sector," said Jim Coulter, TPG founding partner and managing partner of TPG Rise Climate, in the news release. "Scott's extensive experience in this market makes him ideally suited to drive the ongoing buildout of our climate infrastructure strategy."
Lebovitz was a partner and global co-head and co-CIO of infrastructure at Goldman Sachs Asset Management. Tavis Cannell, a managing director and global co-head of infrastructure, becomes the sole global head of infrastructure at GSAM, a spokesperson said. Philippe Camu remains chairman and co-CIO of infrastructure at GSAM.
"Throughout his tenure at the firm, Scott has helped to develop and grow our infrastructure investing business, which he has co-led since 2018, including merging our infrastructure and energy investing efforts, helping to source and execute investments and advising our portfolio companies," said Marc Nachmann, GSAM global head of asset and wealth management, in a Feb. 5 memo to asset and wealth management executives.
"The business is in great shape with good balance between London and New York, both in terms of the portfolio and team members," Camu said in a written statement. "We'll continue to run the business in a globally integrated way as we have done since 2006."
In a written statement, Lebovitz said: "After 27 years at Goldman Sachs, leaving this fantastic team is incredibly hard, but the platform is in great hands with a deep bench of investing talent who will continue to go from strength to strength."