Louvre Museum Fund Will Help Restore Tourist Sites Around France


The Louvre museum’s $289 million investment fund has invested in a so-called impact fund that will help preserve historic buildings in France similar to the one shown here. Bloomberg

Skift Take: The Louvre has handed a slice of its endowment to a private equity fund to invest in money-making ways to help restore France’s old churches and environmental parks. This news invites skepticism, though. The restoration work might be good for tourism, but since when is heritage preservation a high-return investment?

— Sean O’Neill

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