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Private equity finds road to returns paved with good intentions

There’s plenty of money raised for impact investing but firms are struggling to find deals

By

Elisângela Mendonça

Private equity finds road to returns paved with good intentions
Photo: PEN Staff

Buyout groups have bought into impact investing in a big way.

Globally, the industry more than doubled the amount it raised for impact investing in 2019, reaching £5.4bn, according to data provider PitchBook. Major firms including KKR, Bain Capital and TPG have backed the trend.

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