The private equity industry is young and evolving. The jury is still out on what fraction of equity investments should be in permanent capital / publicly-traded form versus limited-life capital / private form. The traditional fee and carry model will eventually embrace significantly reduced GP...

Most investors have a single goal: to earn the highest financial return. These socially-neutral investors maximize their risk-adjusted returns and would not accept a lower financial return from an investment that also produced social benefits. An increasing number of socially-motivated investors...