TPG Is Seeking $3 Billion for its Second Social Impact Fund
- Private equity firm to start marketing fund later this year
- Second fund will be $1 billion bigger than first impact pool
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Private equity firm TPG plans to gather $3 billion for its second social impact fund after raising the largest pool ever dedicated to the area almost a year ago.
The firm will start seeking capital for its next Rise Fund later this year, according to people familiar with knowledge of the matter. The $3 billion target is a jump up from the $2 billion gathered for its debut Rise Fund.