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What the ‘Varsity Blues’ Scandal Says (And Doesn’t Say) About Bill McGlashan, the Rise Fund and Impact Investing
Bill McGlashan’s downfall at Rise, TPG's mammoth impact investing fund, has been making national headlines for the past week – sparking a wave of criticism that's putting the sector on the defensive. According to long-time impact investor Lauren Cochran, managing director at Blue Haven Initiative, the critics have a point - but they're missing an important part of the story. She explores what McGlashan's failings say about the Rise Fund and the broader industry – and what impact investing can learn from the scandal.
- Categories
- Impact Assessment, Investing
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Viewpoint: Bill McGlashan’s firing exposes hypocrisy in impact investing
McGlashan, who was once described by the New York Times as resembling "a Buddhist monk," led a multibillion-dollar investing vehicle designed (among other things) to "expand access to educational attainment." Simultaneously, he was allegedly spending $250,000 of his own money to bribe his son's way into a selective university.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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TPG Fires McGlashan, Lets Investors Pull Money From Social Fund
McGlashan, who led TPG’s business focused on social good and founded its growth investing platform, was named with other parents in an indictment detailing schemes that involved paying coaches and college administrators to get children into top colleges.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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TPG Puts McGlashan on Leave After Charges in College Scandal
The indictment comes at an inopportune time for TPG. The firm planned to start raising money for its second Rise Fund last year.
- Region
- North America
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This investing app lets anyone with $50 invest in companies that make money by doing good
Swell is an impact investing platform that helps users invest in high-growth companies that produce — and derive revenue from — products or services that address the environmental and social challenges as outlined by the UN Sustainable Development goals.
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- Investing, Technology
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Press release: Investor initiative chooses ideas that will mobilize investment for sustainable cities, energy access, blue carbon, and sustainable agriculture in developing countries
The new ideas target four areas where accelerated investment for climate adaptation and mitigation is urgent: sustainable cities, energy access, blue carbon in coastal & marine ecosystems, and sustainable agriculture for smallholder farmers in West & Central Africa.
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- Energy, Environment, Investing
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The MacArthur Foundation is giving away another $100 million gift–and helping others make big bets
After the success of the original 100&Change contest, the foundation is repeating the experiment, and spinning off a competition nonprofit to help other foundations give game-changing sums to promising solutions.
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- Investing
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Viewpoint: The Problem With Opportunity Zones
The framework, funded in part by the Kresge Foundation, is an important first set of principles to guide this rapidly emerging market. But those principles are only as useful as their adoption.
- Categories
- Investing
- Region
- North America
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