One of Silicon Valley’s most prominent voices for ethical investing is implicated in a college admissions bribery scandal; Recode, March 12, 2019

Theodore Schleifer, Recode; One of Silicon Valley’s most prominent voices for ethical investing is implicated in a college admissions bribery scandal

"What is particularly damaging for TPG is that McGlashan has positioned himself as a leading voice in Silicon Valley for social responsibility...

McGlashan also allegedly made a $250,000 donation to USC in order for his son to enter through the school’s “side door,” according to the charges, by creating the impression that he was a potential recruited kicker or punter for the school’s football team — all thanks to Photoshop. This was all accomplished through mail fraud, prosecutors say.

“I’m gonna make him a kicker/punter and they’re gonna walk him through with football, and I’ll get a picture and figure out how to Photoshop,” William Rick Singer, the college prep adviser at the heart of the scandal, allegedly told McGlashan in August 2018.

“He does have really strong legs,” McGlashan told Singer. “Maybe he’ll become a kicker. You never know.”

“Pretty funny,” McGlashan would later add. “The way the world works these days is unbelievable.”"

Famed Investor Named In Elite College Scandal, Raising Critical Ethics Questions for All; Forbes, March 13, 2019

Morgan Simon, Forbes; Famed Investor Named In Elite College Scandal, Raising Critical Ethics Questions for All

"Yesterday, William E. “Bill” McGlashan Jr., Founder and Managing Partner of the $13B TPG Growth fund, was indicted in the elite college scandal. He was particularly noted for his candor in recorded phone calls about his efforts to buy a slot at USC for his child for $250,000. The tactic, employed by ringleader William Singer, was to photoshop McGlashan’s son to look like a recruitment-worthy football kicker — despite the fact that his son’s high school did not have a football team.

McGlashan has recently gained notoriety as a proponent of impact investing. The Rise Fund, an initiative he co-founded under the TPG umbrella, has raised over $2B for interventions seeking to address global poverty and climate change.

The fact that McGlashan was a proponent of ethical investment has raised several deep questions for the sector, and for the general public. Does exercising your unchecked privilege in the world make you less ethical - separate from whether or not your actions are illegal? Should promoters of ethical investments be held to a higher standard when it comes to their personal ethics? Do you need to have impeccable ethics to be a good impact investor?...

Ethics is also about acknowledging the ways that those of us with privilege — whether it be due to social class, race, gender identity, sexual orientation, or the intersections between — can be complicit in exploiting others through fully legal means."