<p>Bill McGlashan, who oversees <a href="http://www.tpg.com/platforms/tpggrowth" target="_blank">TPG Growth</a> — the growth investing platform of the global firm TPG — is <a href="http://www.nytimes.com/2016/12/19/business/dealbook/a-new-fund-seeks-both-financial-and-social-returns.html" target="_blank">reportedly fundraising</a> right now for a $2 billion vehicle that will seek both financial and social returns.</p>
<p>He tells Dealbook the fund was inspired by bets TPG Growth has already made, including in a cellphone tower company in Myanmar called<a href="https://apollo-towers.com/" target="_blank"> Apollo Towers </a>that helped the country progress from zero cellphone penetration to roughly 70 percent, which has translated into 5 percent G.D.P. growth — as well as doubled the value of TPG’s investment.</p>