TPGY

Tpg Pace Beneficial Finance Corp

A "blank check" investment vehicle, TPG Pace Beneficial Finance Corp was a special purpose acquisition company (SPAC) created in 2020 by the global investment firm TPG to take a single private company public through a merger. The "Beneficial" in its name signaled its aim to back a business blending solid fundamentals with strong environmental, social, and governance (ESG) practices. It once agreed to combine with EV charging firm EVBox Group, but the deal fell through and the vehicle wound down in 2022 without completing a merger.