U2 frontman Bono has accepted the role of special adviser
to a new $3 billion growth fund currently raised by equity fund
investor David Bonderman’s TPG Capital, according to the NY The
Post. Bono has
invested $3 million of his own money in TPG owned carpooling
Actor and tech investor Ashton Kusher will also take on a
similar role at TPG’s new fund.
In 2005, Bono was a co-founder of investment fund Elevation
Partners. That firm appears to be winding down.
“For Bono, TPG is the replacement of Elevation Partners,”
a source told The Post. Bono is also on the board of
Fender Musical Instruments, which is owned by TPG.