21/01/09: Private Equity Foundation (PEF)
The Private Equity Foundation (PEF) is a leading venture philanthropy fund which works with carefully selected charities to empower young people to reach their full potential. Its investments address the NEETS (young people not in education, employment or training) issue and include not just money but also pro bono expertise from the private equity community.
By sharing its members’ business skills, PEF can maximise the social return on its donors’ investments and help charities achieve a step change in their impact to ensure even more young people benefit.
Since its creation in 2006, PEF has secured the backing of over 70 private equity firms and their advisers, including banks, law firms, accountancy firms, consultants and search firms. It has raised £11 million and engaged volunteers from over 20 firms to work in areas ranging from strategic planning and business management to helping in an adventure playground.
To date, PEF has invested in 11 UK charities, one in Kosovo and one in Germany.