Australia impact GP hits $48m first close on debut fund
Australian impact investment firm For Purpose Investment Partners (FPIP) has reached a first close of AUD 67m (USD 48m) on its debut fund, which has an overall target of AUD 250m.
The first close on Social Impact Fund I (SIF I) came just before Christmas, Andrew Thorburn, an executive director at the firm, told Mergermarket, AVCJ’s sister title. There are more than 100 LPs, with...
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