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
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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