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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.”