Friday, January 12, 2018

TPG Backs Acorns

Fort Worth-based private equity investor TPG has made an investment in micro-investing startup Acorns, Acorns said this morning. Financial details of the investment were not announced. According to Acorns, the investment came out of TPG's Rise Fund, which is focused on companies in the social and environmental area. Acorns said its focus is on helping people invest for their future, earn extra money, and more, and specifically is targeting the 69 percent of Americans who don't have $1,000 in emergency savings.