NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, April 27, 2018

By Melissa Mittelman

TPG’s Rise Fund has enlisted former U.S. Secretary of State John Kerry as a senior adviser, bolstering its credibility as the fund sets out to prove that financial returns and social good can go hand-in-hand.

Kerry said he will help identify investments and advise portfolio companies across Rise’s various sectors, with a focus on renewable energy opportunities. Foreign policy and economic policy are closely linked, and businesses that can empower people with job opportunities, create better access to health care and education, and develop more sustainable energy and infrastructure systems are essential to social stability, he said in an interview that included TPG Growth managing partner Bill McGlashan.

“The private sector is the best bet we have to try to save us from the worst downsides of some of these social, environmental, political challenges we face on a global basis,” Kerry said. “That is a bottom line reality that people need to really think about.”

Photo courtesy of GotCredit.