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TPG, Bain Sales to Set Course for Private Impact Biz

Fund Fire

Jessica Matthews, head of Mission Related Investing at Cambridge Associates, discusses the trend of mainstream investment firms recognizing the opportunity of private equity impact investing funds. While there are numerous smaller managers with established track records in impact investing, most existing funds in the sector are relatively small, making them a tough sell for big institutions – such as public pension plans – that tend to favor larger mandates to fewer managers, she says. Read the full article here.