Within the last few years or so, there has been observable increase in the involvement of private equity firms with impact investments.
Take TPG, an American investment group or private equity firm with $79 billion of AUM, has started the world’s largest impact fund. Its Rise Fund, raised $2 billion and The Rise Fund II, inaugurated after the success of its predecessor, is aiming to raise $3.5 billion.
Bain has raised a first double impact fund with $390 million in 2017 and is raising a second Double Impact fund with a target of $600 million. Blackrock includes over $40 billion in clean energy investments for clients who wish to access the green and energy transition sectors. A lot of major finance players like KKR, Morgan Stanley, Goldman Sachs, etc. have taken on impact investing projects, albeit small, thus showing a gradual shift in their portfolio contents.
There is a long…
