TPG’s Rise Fund raises $2 bln for impact investing with measurable outcomes


David Bonderman, TPG Capital, private equity, healthcare
David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian (UNITED STATES - Tags: BUSINESS) - RTR3N56F
  • Led by TPG Growth’s Bill McGlashan, Jeff Skoll and Bono
  • TPG employees to add more capital before final close
  • Partners Bridgespan Group and KPMG to track social outcomes
TPG’s impact-investing arm, Rise Fund, hit its hard cap of $2 billion, a person familiar with the situation confirmed. The news was first reported by Bloomberg. Led by Bill McGlashan, a managing partner at TPG Growth, Rise was targeting $1.5 billion. More ...

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition

To read a digital copy of our latest magazine

click here

PE News Briefs