Law360 (November 28, 2018, 4:03 PM EST) -- As private equity and other investors increasingly consider the effects their investments will have on society, attorneys should spend time becoming familiar with the formation process for so-called impact funds, which aim to contribute to social good, while staying abreast of the unique legal challenges that may arise.
Impact investing — which aims to benefit the greater good by focusing on companies addressing issues such as climate change, education and affordable housing — has historically been thought of throughout the industry as an alternative to seeking the highest possible returns.
The idea was that impact investments could still net solid financial...
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