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 also reportedly invested $3 million of his own money in TPG owned carpooling service Ride.
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.