May 21, 2019 - Energy & Environment
Al Gore's Generation Investment raises $1 billion fund
Illustration: Lazaro Gamio / Axios
Generation Investment Management, a social impact private equity firm co-founded by Al Gore, has raised $1 billion for its third fund, broadening its mandate beyond green-tech to include areas like health care and financial inclusion.
The bigger picture: Social impact investing has taken some recent knocks, although market participant Kapor Capital recently published financial results to show it's on par with peer funds.