Investments in ideas and startups is great. But when the investments seek to benefit society at large, that is even better. That is what American private investment firm Bain Capital is currently in the process of doing.
The firm – one of the largest multi-asset alternative investment entities in the world – has recently raised $800m in new capital in an attempt to support businesses that are working for the greater good. The company’s impact investment section based in Boston – Bain Capital Double Impact – is focusing on the creation of environmental, governmental and societal benefits.
Approximately 12 portfolio firms have so far been backed under this program.