“This world’s a fiction and made up of contradiction,” said poet William Blake. He could have been describing the world of social and environmental finance recently.
The first contradiction concerns Bill McGlashan, managing partner of the TPG Rise Fund, which focuses on raising money (some $2 billion for the first fund) for impact investing and which counts U2’s Bono among its high-profile investors.
McGlashan was charged in connection with a very public US college admissions scandal – a Federal case that charges several parents among the corporate and Hollywood elite in an alleged $25 million scam to help their children get into top universities.
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