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UBS raises $325m for Bono-backed social fund

The commitment comes as investor appetite for impact investing is on the rise

UBS raises $325m for Bono-backed social fund

Zurich-based wealth manager UBS will invest $325m on behalf of its wealthy clients in a private equity investment fund backed by U2’s lead singer Bono, FN's sister publication Private Equity News reports.

The announcement comes months after UBS said it was looking to increase the amount of money it invests on behalf of its wealthy clients in philanthropic causes.

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