Finance
Jeff Tannenbaum Bets on Kinder Capitalism, Even for LBOs
- Startup Modus retains social mission in private equity buyout
- Hedge fund founder sees B Corp’s as key to economic growth
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Embedding social responsibility into a company’s organizing documents has sometimes been seen as risky, but private equity pioneer and hedge fund founder Jeff Tannenbaum is betting it is the future.
Tannenbaum’s firm, Titan Grove Holdings, which focuses on sustainable companies, said Tuesday that it sold smart city telecommunications company Modus to Denver-based private equity firm Bow River Holdings.