TPG Growth Plans to Start a Social Impact Fund

This article provides coverage of TBG Growth’s announcement to launch a $1 billion social impact investing fund called the Rise Fund. The Fund will involve a partnership with Elevar Equity, and will most likely make investments similar to TBG Growth’s more prominent investments in Apollo Towers in Myanmar.

According to the article, “TPG Growth expects returns from the new fund to produce, at minimum, market-rate returns,” and the Fund, “aspires to have rigorous metrics that quantify the social impact of its investments.”