Filing Details
- Accession Number:
- 0000929638-21-000597
- Form Type:
- 13G Filing
- Publication Date:
- 2021-04-09 11:50:50
- Filed By:
- Tybourne Capital Management
- Company:
- Tpg Pace Beneficial Finance Corp.
- Filing Date:
- 2021-04-09
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| TYBOURNE CAPITAL MANAGEMENT (HK) LIMITED | 0 | 4,957,302 | 0 | 4,957,302 | 4,957,302 | 14.2% |
| TYBOURNE CAPITAL MANAGEMENT LIMITED | 0 | 4,957,302 | 0 | 4,957,302 | 4,957,302 | 14.2% |
| TYBOURNE KESARI LIMITED | 0 | 4,957,302 | 0 | 4,957,302 | 4,957,302 | 14.2% |
| VISWANATHAN KRISHNAN | 0 | 4,957,302 | 0 | 4,957,302 | 4,957,302 | 14.2% |
Filing
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
| TPG Pace Beneficial Finance Corp. |
(Name of Issuer)
| Class A Ordinary Shares |
(Title of Class of Securities)
| G8990D125 |
(CUSIP Number)
| March 31, 2021 |
| (Date of Event which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided
in a prior cover page. Beneficial ownership information contained herein is given as of the date listed above.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | Names of Reporting Persons. TYBOURNE CAPITAL MANAGEMENT (HK) LIMITED |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] | |
| (b) [ ] | |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization. Hong Kong |
| Number of Shares Beneficially Owned by Each Reporting Person With
| 5 Sole Voting Power 0 shares | |
| 6 Shared Voting Power 4,957,302 shares | ||
| 7 Sole Dispositive
Power 0 shares | ||
| 8 Shared Dispositive
Power 4,957,302 shares |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 4,957,302 shares |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11 | Percent of Class Represented by Amount in Row (9) 14.2% |
| 12 | Type of Reporting Person (See Instructions) FI |
| 1 | Names of Reporting Persons. TYBOURNE CAPITAL MANAGEMENT LIMITED |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] | |
| (b) [ ] | |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization. Cayman Islands |
| Number of Shares Beneficially Owned by Each Reporting Person With
| 5 Sole Voting Power 0 shares | |
| 6 Shared Voting Power 4,957,302 shares | ||
| 7 Sole Dispositive
Power 0 shares | ||
| 8 Shared Dispositive
Power 4,957,302 shares |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 4,957,302 shares |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11 | Percent of Class Represented by Amount in Row (9) 14.2% |
| 12 | Type of Reporting Person (See Instructions) HC |
| 1 | Names of Reporting Persons. TYBOURNE KESARI LIMITED |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] | |
| (b) [ ] | |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization. Cayman Islands |
| Number of Shares Beneficially Owned by Each Reporting Person With
| 5 Sole Voting Power 0 shares | |
| 6 Shared Voting Power 4,957,302 shares | ||
| 7 Sole Dispositive
Power 0 shares | ||
| 8 Shared Dispositive
Power 4,957,302 shares |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 4,957,302 shares |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11 | Percent of Class Represented by Amount in Row (9) 14.2% |
| 12 | Type of Reporting Person (See Instructions) HC |
| 1 | Names of Reporting Persons. VISWANATHAN KRISHNAN |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| (a) [ ] | |
| (b) [ ] | |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of Organization. United Kingdom |
| Number of Shares Beneficially Owned by Each Reporting Person With
| 5 Sole Voting Power 0 shares | |
| 6 Shared Voting Power 4,957,302 shares | ||
| 7 Sole Dispositive
Power 0 shares | ||
| 8 Shared Dispositive
Power 4,957,302 shares |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 4,957,302 shares |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11 | Percent of Class Represented by Amount in Row (9) 14.2% |
| 12 | Type of Reporting Person (See Instructions) IN, HC |
SCHEDULE 13G
| Item 1 | ||||
| (a) | Name of Issuer | |||
| TPG Pace Beneficial Finance Corp. (the “Issuer”) | ||||
| (b) | Address of Issuer’s Principal Executive Offices | |||
| 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102 | ||||
| Item 2 | ||||
| (a) | Name of Person Filing | |||
| This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”): i) Tybourne Capital Management (HK) Limited (“Tybourne HK”); ii) Tybourne Capital Management Limited (“Tybourne Cayman”); iii) Tybourne Kesari Limited (“Tybourne Kesari”); and iv) Viswanathan Krishnan (“Mr. Krishnan”) | ||||
This statement relates to securities held for the accounts of private investment funds for which Tybourne HK serves as the investment advisor. Tybourne Cayman serves as
the manager to Tybourne Master Fund and the parent of Tybourne HK. Tybourne Kesari is the parent of Tybourne Cayman. Mr. Krishnan is the principal and sole shareholder of Tybourne Kesari. In such capacities, Tybourne HK, Tybourne Cayman, Tybourne
Kesari and Mr. Krishnan may be deemed to have voting and dispositive power over securities held for the private investment funds. Each of the Reporting Persons disclaims beneficial ownership of such securities, except to the extent of its or his
pecuniary interest therein.
| (b) | Address of Principal Business Office or, if none, Residence | ||||||
| The address of the principal business office of each Tybourne HK and Mr. Krishnan is 30/F, AIA Central, 1 Connaught Road Central, Hong Kong, K3. The address of the registered
office of each Tybourne Cayman and Tybourne Kesari is PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. | |||||||
| (c) | Citizenship | ||||||
| i) Tybourne HK is a company incorporated in Hong Kong with limited liability; ii) Tybourne Cayman is a company incorporated in the Cayman Islands with limited liability; iii) Tybourne Kesari is organized in the Cayman Islands; and iv) Mr. Krishnan is a citizen of the United Kingdom. | |||||||
| (d) | Title of Class of Securities | ||||||
| Class A Ordinary Shares (“the Shares”) | |||||||
| (e) | CUSIP Number | ||||||
| G8990D125 | |||||||
| Item 3 | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | ||||||
| (a) | [ ] | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |||||
| (b) | [ ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |||||
| (c) | [ ] | Insurance Company as defined in Section 3(a)(19) of the Act; | |||||
| (d) | [ ] | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | |||||
| (e) | [ ] | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |||||
| (f) | [ ] | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |||||
| (g) | [X] | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |||||
| (h) | [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |||||
| (i) | [ ] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |||||
| (j) | [X] | A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); | |||||
| (k) | [ ] | Group, in accordance with §240.13d-1(b)(1)(ii)(K). | |||||
| Item 4 | Ownership |
| Item 4(a) | Amount Beneficially Owned |
| Each of the Reporting Persons may be deemed the beneficial owner of 4,957,302 Shares. All Shares are held for the account of private investment funds for which Tybourne HK serves as the investment
advisor. |
| Item 4(b) | Percent of Class |
| Each of the Reporting Persons may be deemed the beneficial owner of approximately 14.2% of the Shares outstanding. The percentage calculation is based on a statement in in the Issuer’s Annual Report
for the year ended December 31, 2020, as filed by the Issuer with Securities and Exchange Commission on March 24, 2021 that there were 35,000,000 Shares outstanding as of March 18, 2021. |
| Item 4(c) | Number of shares as to which each such person has voting and dispositive power: |
| (i) | sole power to vote or to direct the vote |
| 0 Shares | |
| (ii) | shared power to vote or to direct the vote |
| 4,957,302 Shares | |
| (iii) | sole power to dispose or to direct the disposition of |
| 0 Shares | |
| (iv) | shared power to dispose or to direct the disposition of |
| 4,957,302 Shares |
| Item 5 | Ownership of Five Percent or Less of a Class |
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of
securities, check the following [ ]. | |
| Item 6 | Ownership of More than Five Percent on Behalf of Another Person |
| Tybourne Long Opportunities Master Fund has the right to receive dividends from, or the proceeds from the sale of, more than 5% of the Shares outstanding. | |
| Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
| See disclosure in Item 2 hereof. | |
| Item 8 | Identification and Classification of Members of the Group |
| This Item 8 is not applicable. | |
| Item 9 | Notice of Dissolution of Group |
| This Item 9 is not applicable. | |
| Item 10 | Certification |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| Exhibits | Exhibit |
| 99.1 | Joint Filing Agreement, executed by and among the Reporting Persons. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.
Date: 9 April 2021
| TYBOURNE CAPITAL MANAGEMENT (HK) LIMITED | |
| By: /s/ Catherine Cheung | |
| Catherine Cheung, Chief Operating Officer | |
| TYBOURNE CAPITAL MANAGEMENT LIMITED | |
| By: Tybourne Kesari Limited, its Parent | |
| By: /s/ Viswanathan Krishnan | |
| Viswanathan Krishnan, Principal | |
| TYBOURNE KESARI LIMITED | |
| By: /s/ Viswanathan Krishnan | |
| Viswanathan Krishnan, Principal | |
| VISWANATHAN KRISHNAN | |
| By: /s/ Viswanathan Krishnan | |
| Viswanathan Krishnan, Individually |