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Private Equity Foundation and Cinven invest in children’s charity

The Private Equity Foundation has joined forces with European buyout firm Cinven to give follow-on funding to its portfolio charity, School-Home Support. 

It brings PEF’s total contribution to School-Home Support to over GBP900,000, which is enabling the charity to double the number of pupils it helps to make the most of their education by 2012.

Of the latest GBP265,000 donation, GBP165,000 has been provided by PEF and GBP100,000 by the Cinven Foundation. PEF’s original grant of GBP650,000 was made in March 2008. 

School-Home Support, which believes that learning is a child’s freedom, runs a national programme, putting independent highly trained practitioners into schools to offer children and their families practical and emotional support. Practitioners listen to parents at the school gate or make home visits. 

In the last six months alone, School-Home Support achieved a 17 per cent growth in service reach, increasing the number of schools with SHS practitioners to 218 across England.  The follow-on funding aims to accelerate School-Home Support’s growth trajectory to reach more children across the country.

Shaks Ghosh (pictured), chief executive of the Private Equity Foundation, says: “This is PEF’s first co-investment and we would like to take this opportunity to thank the Cinven Foundation for joining us in backing SHS. The amount raised is enabling the building blocks to be put in place for literally thousands more children to benefit from the charity’s groundbreaking work.”

David Barker, partner at Cinven, says: “We are delighted to be working with PEF to support SHS, which is doing such fantastic work supporting children both in school and at home. SHS is proving PEF’s model – that by giving a combination of money, together with a range of expertise from the private equity community, you can turbo-charge effective charities.”

The Private Equity Foundation is a venture philanthropy fund which works with selected charities to empower young people to reach their full potential.

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