Inside TPG’s The Rise Fund: Maya Chorengel on Managing the Largest Global Impact Platform

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What happens when Bono meets impact investors? They create The Rise Fund!

In this episode, I’m speaking with Maya Chorengel, the co-managing partner of The Rise Fund — the world’s largest global impact platform committed to achieving measurable, positive social and environmental outcomes while securing financial returns for its investors.

Founded by TPG, a private equity firm with $224 billion in AUM, The Rise Fund was launched in partnership with U2’s Bono and Jeff Skoll, and now boasts $9 billion in AUM. The fund invests in growth-stage, high-potential, mission-driven companies that have the power to change the world.

Maya is a long-time impact, private equity and venture capital investor, leading climate, education, financial inclusion, and healthcare investing, among others, for Rise worldwide.
She was also the key architect in developing the fund’s impact methodology and assessment process.

She began her investing career at Warburg Pincus and eventually gravitated toward impact investing in 2007, when the concept was still very much in its infancy. Prior to TPG, she was the Managing Director of the Dignity Fund and co-founder of Elevar Equity, where she leveraged venture capital and microfinance to drive impact across emerging markets.

Recognized as Barron’s 100 Most Influential Women in US Finance, among several other awards and titles, Maya has played a substantial role in elevating the concept of impact investing to what it is today, particularly within TPG.

Tune in to hear all about how The Rise Fund leverages TPG’s vast resources, business-building skills, and global network to help portfolio companies accelerate growth, change, and impact.

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About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing. In each episode, I interview a world-class investor who is an accomplished practitioner from all asset classes. In my interviews, I cover everything from their early personal journeys to insights into how they developed and executed their investment strategies and what challenges they face today. Each episode is a chance to go way below the surface with these impressive people and gain additional insights and useful lessons from professional investors.

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Show notes: https://sri360.com/podcast/maya-chore...

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Key Takeaways

Introducing Maya Chorengel: her upbringing, education, & early career (00:00)
Maya’s work at Warburg Pincus and The Dignity Fund (16:32)
Founding Elevar Equity & its theory of change (29:14)
Maya’s move to TPG & an overview of the company (43:41)
The Rise Fund’s theory of change & investment universe (01:04:01)
Measuring impact & Maya’s article in the Harvard Business Review (01:11:32)
Examples of companies that Maya invests in with The Rise Fund (01:13:47)
The investment lifecycle, stewardship, and active engagement (01:24:21)
Explaining TPG’s proprietary tool IMM: impact multiple of money (01:29:07)
Maya’s take on the future of impact investing (01:34:50)

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Additional Resources

Find Maya’s Harvard Business Review article “Calculating the Value of Impact Investing” here: https://hbr.org/2019/01/calculating-t...

Learn more about The Rise Fund: https://therisefund.com/

Learn more about TPG: https://www.tpg.com/

Connect with Maya on LinkedIn:   / maya-chorengel-603b76  

#TheRiseFund #impactinvesting #growthinvesting