The Private Equity Foundation and Impetus Trust propose new board of trustees

 

The merger is expected to be completed by early June 2013.

 

Seven of the trustees will join from the current PEF board and seven from the current Impetus board.  Together, they will bring extensive experience from private equity, venture capital, business, charity and social enterprise.  The board will provide advice and support as Impetus – PEF scales up its venture philanthropy model to transform the lives of hundreds of thousands of children and young people growing up in disadvantage in the UK.

 

The board members of Impetus – PEF will be:

 

·         Johannes Huth, chairman, head of Europe, KKR, and chairman and co-founder of the Private Equity Foundation

·         Louis Elson, deputy chairman, co-founder and managing partner of Palamon Capital Partners, chairman of Impetus Trust and founder trustee of the Education Endowment Foundation

·         Marc Boughton, chief executive, CVC Credit Partners and board director of CVC Capital Partners Group

·         Stephen Dawson OBE, one of the first venture capitalists in the UK, co-founder and chairman of Jacana Venture Partnership and a co-founder of Impetus Trust

·         Craig Dearden-Phillips MBE, a serial social entrepreneur, founding CEO of Stepping Out and chairman of the Stepping Out Foundation

·         Charlie Green, director of 24Haymarket and co-founder of the Private Equity Foundation

·         Andy Hinton, co-founder of Ailsa3 Ventures

·         Carl Parker, partner, Permira, and co-founder of the Private Equity Foundation

·         Karl Peterson, managing partner of TPG Capital, and head of the firm’s European office

·         Andrew Sillitoe, partner, Apax Partners

·         Nat Sloane, chair of BIG England Committee, co-founder and vice chairman of Impetus Trust and founder trustee of the Education Endowment Foundation

·         Ramez Sousou, founder and co-CEO of TowerBrook Capital Partners and co-founder and former chairman of the Private Equity Foundation

·         Nikos Stathopoulos, managing partner of BC Partners

·         Chris Underhill MBE, founding director of the charity BasicNeeds and founder and former director of Thrive and Action on Disability and Development.

 

Daniela Barone Soares (pictured), chief executive designate of Impetus – PEF, says: “Impetus – PEF is ambitious to massively increase its impact over the next few years and we are incredibly fortunate to have such exceptional cross sector expertise to draw on. 

 

“This combined board will enable us to build on both organisations’ track records of supporting charity sustainability, effectiveness and growth.  The board will be instrumental in helping us focus on our own scale so that we can scale the social game changers of the future.  By providing a comprehensive package of funding and business support to the best charities working with children and young people, we can make the greatest difference to disadvantage in the UK, in this generation and in the generations to come.”