TPG Pace Beneficial II is a special purpose acquisition company formed by TPG for the purpose of entering into a merger, stock purchase or similar business combination with one or more businesses. The company is focused on sponsoring the public listing of a company that combines attractive business fundamentals with, or with the potential for strong environmental, social and governance (“ESG”) principles and practices through a business combination. In April 2021, TPG Pace Beneficial II priced an IPO, raising approximately $350 million in addition to $175 million of committed capital raised in a forward private placement.