A leading global investment firm has started a new impact-investing fund — and is turning to a high-wattage group of philanthropists to guide its focus on social good.
TPG Growth, a company with more than $8 billion under management, has teamed up with Elevar Equity, a firm that specializes in impact investing, to start the Rise Fund. The new fund will invest domestically and overseas in seven areas: agriculture, education, energy, financial services, food, industrials and infrastructure, and technology.
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