TPG has led the $5.1m second tranche of a series B round that includes Trepp, and which will support the energy asset management technology developer's global growth.
Mercatus, a US-based developer of cloud analytics software for the management of energy assets, has raised $5.1m to close a series B round featuring analytics software provider Trepp, at $16.8m.
Private equity group TPG’s Alternative & Renewable Technologies Research division led the second tranche, having also participated in the $11.7m first tranche, which closed in February 2016.
Trepp, which supplies data, analytics and technology to the investment management industry, was an investor in the first close, as were Traverse…
