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


David Bonderman, TPG Capital, private equity
  • 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 ...
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