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By Michael McCreless
Bono doesn’t know. It’s not that he’s wrong, or right. He just doesn’t know. Nor do I, nor I would argue, does anyone else.
But let me back up. Bono is an investor and board member of the new $2 billion impact fund called Rise from the private equity firm TPG Growth. The fund is making a big splash. The New York Times’ Andrew Ross Sorkin wrote a Dealbook column about it back in December, in which he quoted Bono as saying that impact investing has become “a lot of bad deals done by good people.”
Read the source article at Stanford Social Innovation Review