Rock star Bono helped recruit ex-Treasury Secretary Hank Paulson to run a new climate fund

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Mark Sagliocco/ Getty Images Bono phoned former Treasury Secretary Hank Paulson to recruit him as the head of a new climate fund, according to The New York Times."We don't just need the usual suspects, we need some 'unusual suspects,' if you like, and some unexpected partnerships in the conversation as well," the U2 frontman and philanthropist said. "My dance card is full," Paulson initially told Bono.However, after more coaxing he agreed to become the executive chairman of TPG Rise Climate.Visit Business Insider's homepage for more stories. U2 frontman Bono helped recruit former Treasury Secretary Hank Paulson to run an investment fund focused on combating climate change, The New York Times reported on Wednesday. Paulson, who has been running a nonprofit and working on environmental programs for the past 12 years, fielded a call from the rock star last fall, the newspaper said. Bono, who played a part in setting up TPG's Rise impact-investing funds, told Paulson that the investment group wanted to start a climate-change fund with the financier in charge. Read more: Investing legend Terry Smith's $30 billion equity fund returned 449% to investors over a decade - Here's his 4-part strategy for success and 10 pieces of investing wisdom to take into 2021 more...