TPG's Rise Funds Invest $250M in Findhelp

In a significant move poised to reshape the landscape of social care delivery, The Rise Funds, the impact investing arm of global alternative asset manager TPG, has committed approximately $250 million to Findhelp. This substantial growth investment underscores the escalating importance of technology in bridging critical gaps within the U.S. social safety net, a sector experiencing unprecedented demand and innovation.

Findhelp, established in 2010, has emerged as the nation's preeminent social care technology platform. Its robust digital infrastructure facilitates connections for tens of millions of individuals annually to over 900,000 verified community programs nationwide. The platform's reach extends across all 50 states, serving a diverse client base of more than 800 organizations, including major health systems, health plans, government entities, and self-insured employers. This extensive network is crucial in a market where social determinants of health (SDOH) are increasingly recognized as pivotal to overall well-being, influencing an estimated 80% of health outcomes.

The infusion of capital from The Rise Funds is set to accelerate Findhelp's strategic expansion and technological advancements. According to Erine Gray, Founder and CEO of Findhelp, the partnership will enable the company to scale its national network and intensify investment in its proprietary technology. This move is particularly timely as social care integration becomes a cornerstone of support delivery across various sectors, driving a projected 15% CAGR in the social care coordination market over the next five years.

Findhelp's platform offers a comprehensive suite of services, from identifying social needs and connecting individuals to local services to managing complex social care workflows and measuring impact through integrated analytics. A key differentiator is its support for benefits eligibility verification and enrollment, streamlining access to vital programs like Medicare and Medicaid through a unified digital experience. Each month, the platform orchestrates hundreds of thousands of referrals for essential services such as food, housing, utility assistance, and transportation, directly addressing the needs of vulnerable populations, including families and veterans.

Tom Verghese, Business Unit Partner and Healthcare Lead for The Rise Funds, highlighted Findhelp's market-leading position, emphasizing its role in making social care accessible, measurable, and scalable. This investment aligns with The Rise Funds' broader mission to enhance healthcare access for underserved communities, building on prior successful ventures. Notable examples include their investment in Foodsmart, a leading foodcare platform, and their partnership with Blue Cloud Pediatric Surgery Centers, which culminated in a successful exit. The fund also holds an investment in Banyan Treatment Centers, a significant provider of substance use disorder and mental health services.

The collaboration between TPG's The Rise Funds and Findhelp signifies a powerful convergence of impact investing and innovative technology. It not only promises to bolster the infrastructure of America's social safety net but also sets a precedent for how private capital can drive scalable solutions to some of society's most pressing challenges, fostering better outcomes and reducing systemic administrative burdens across the healthcare and public sectors.