Financial Times: ‘Investors will share their gains with charities’

This article by Andrew Jack discusses Greater Share’s launch of its education philanthropy fund.

Excerpt:

Advent International, Bain Capital, Cinven, Hg Capital, Nautic Partners and Permira are among those

partnering with Greater Share, a newly launched UK charity created to generate at least $300mn for

long-term grants, in an innovative financial initiative that blends profits with philanthropy. Wealthy individuals willing to put at least $500,000 into the fund of funds are set to receive their principal and a significant return after 10 years — based on investment performance — while their charitable contributions are matched by the private equity groups’ donations of their fees.

The move is a novel approach to expanding philanthropy through financial leverage, with a focus on channelling donations to a series of charities selected with advisers for their record and strategy focused on “child-centred learning”