Investors will share their gains with charities
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.
Individual investors will gain access to funds at eight leading private equity groups, if they commit to donating up to half their capital gains to educational charities backed by the buyout groups.
The charities were selected by Greater Share’s educational committee in consultation with Bridgespan, a philanthropic advisory group, and they are expected to receive funding over the decade subject to periodic review.
Read more: Financial Times
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.