Yesterday, William E. “Bill” McGlashan Jr., Founder and Managing Partner of the $13B TPG Growth fund, was indicted in the elite college scandal. The fact that McGlashan was a proponent of ethical investment has raised several deep questions for the sector, and for the general public. Investors are, and should be, held to basic ethical standards, period. But these “basic ethical standards” must be considered far beyond simple legal standards. I would posit we ALL could be more ethical, and most critically, more effective impact investors by examining our individual relationships to privilege.

Source: Forbes March 13, 2019 22:07 UTC