TPG makes significant investment in Trustwell, a market leader in supply chain software for the food industry. SAN FRANCISCO, January 05, 2026-(BUSINESS WIRE)-TPG, a leading global alternative asset management firm, announced today that The Rise Funds, the multi-sector strategy of its global impact investing platform, has made a majority investment in Trustwell, a leading provider of SaaS-based regulatory, compliance, and traceability solutions for the food industry. Following TPG's investment, The Riverside Company has fully exited its investment in Trustwell. Financial terms of the transaction were not disclosed. Foodborne illness remains a significant global public health challenge, with the World Health Organization estimating 600 million cases and 420,000 deaths annually, disproportionately impacting children and vulnerable populations. At the same time, food manufacturing and distribution are more complex than ever, with supply chain disruptions, globalization of demand, and a rapidly evolving regulatory landscape creating new challenges for the food & beverage industry. "Visibility into the foods we eat, and their ingredients, continues to grow in importance," said Akash Pradhan, Business Unit Partner for The Rise Funds. "Trustwell is a market leading provider of software and data solutions that help food & beverage companies increase visibility into their supply chains and enhance the transparency of the items they bring to market. We look forward to partnering with Trustwell to drive further innovation and sustained organic growth." "We're proud to welcome TPG and The Rise Funds as partners in our next phase of growth, and we are grateful for the support from Riverside over the past four years," said Katy Jones, CEO of Trustwell. "Every day, we help food companies prevent foodborne illness by making their supply chains safer, smarter, and fully transparent. With this partnership, Trustwell will accelerate innovation, expand access to our platform, and further equip the industry with the tools it needs to keep consumers safe." As governments and consumers worldwide push for greater transparency in the food chain, Trustwell's platform supports traceability, regulatory compliance, supplier management, product development and nutrition labeling for over 2,200 customers, from emerging brands to global enterprises. Its FoodLogiQ and Genesis product families leverage 40 years of data collection and a database of more than 145,000 ingredients to help customers navigate an increasingly complex regulatory landscape, including enhanced traceability requirements, allergen disclosure mandates, and evolving ESG requirements. TPG's partnership with Trustwell builds on The Rise Funds' investments at the intersection of technology, food, and health, including Little Leaf Farms, the US's #1 producer of packaged lettuce sustainably grown through controlled environment agriculture; Foodsmart, the leading evidenced based nutrition counseling and foodcare platform serving millions nationwide; and LIVEKINDLY Collective, a collection of plant-based food brands and factories selling innovative products around the globe. William Blair served as exclusive financial advisor to Trustwell. Evercore served as financial advisor and Ropes & Gray LLP served as legal advisor to TPG. Jones Day LLP provided legal counsel to The Riverside Company and Trustwell. Trustwell is on a mission to change the food industry. Combining FoodLogiQ's supply chain management software with Genesis' nutritional analysis and label development solution, the Trustwell Connect platform creates the food industry's only full-scale solution connecting product development and regulatory-compliant labeling with supplier compliance, enhanced traceability, and automated recall management. For more information, visit https://www.trustwell.com. The Rise Funds are a core pillar of TPG's global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on building and scaling solutions to the world's most complex challenges. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and decarbonization, education, financial inclusion, healthcare, and impact technology. TPG's Impact Platform is the world's largest of its kind, managing approximately $29 billion in assets across a family of funds that pursue non-concessionary returns and social and environmental impact at scale through growth equity, private equity, and infrastructure investing strategies. For more information, visit https://www.tpg.com/platforms/impact/the-rise-funds View source version on businesswire.com: https://www.businesswire.com/news/home/20260104709418/en/

“The food industry is already familiar with the power of our vetted nutrition database that fuels our recipe formulation and nutrition labeling software — Genesis Foods. We’re now leveraging AI to provide our customers with an added layer of protection.” - Katy Jones, CEO, Trustwell

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