One Small Step for Private Equity, One Giant Leap for Philanthropy
Oct 6, 2023
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Explore the innovative approach of Greater Share in philanthropic funding and its support from leading GPs. Learn how high-net-worth individuals can invest in private equity funds to benefit educational NGOs. Discover the shift towards a learner-centric education model and the impact of long-term funding. Delve into Greater Share's global reach and the collective action it enables. Understand the interaction between GPs and NGOs in philanthropy and the growth of the philanthropic pool through pass-through economics.
Greater Share connects top-performing private equity managers with high-impact NGOs, providing unrestricted long-term funding for NGOs.
By partnering with renowned private equity firms, Greater Share ensures access to top GPs with impressive track records, creating a transformative approach to NGO funding.
Deep dives
Connecting private equity with NGOs
Greater Share connects top-performing private equity managers with high-impact NGOs, providing unrestricted funding for NGOs. This unique venture aims to combine the long-term perspective and wealth creation of private equity with long-term funding for NGOs. By partnering with renowned private equity firms like Bain Capital and Advent, Greater Share ensures access to top GPs with impressive track records. The investors split their returns 50-50 with carefully selected NGOs, and the GPs donate all fees and carry from the fund of funds investment. This multiplier effect provides a transformative approach to NGO funding.
Addressing funding challenges for NGOs
NGOs typically face funding limitations due to annual funding cycles and highly restricted funding. Greater Share's unrestricted funding offers a long-term solution for NGOs, allowing them to plan ahead and have financial stability. Unlike traditional funding models, this type of capital resembles equity in business, providing NGOs with the freedom to innovate, respond to market needs, and focus on growth. With the support of Greater Share, NGOs can expand their definition of educators beyond teachers and embrace learner-centric models, enhancing education globally.
Concrete example and global impact
Greater Share's funding has already made a significant impact, as seen in the West London Zone's ability to acquire additional sites and expand their reach. The model's unrestricted funding enables NGOs to go beyond their immediate annual plans and invest in growth. Greater Share's partners span various areas of education globally, addressing gaps in access and innovating to provide quality education. The collaboration between private equity GPs and NGOs fosters a sense of community and collective impact, creating a space for shared learning and growth.
We ask the founding team at Greater Share about their intriguing new approach to philanthropic funding and how they’ve already garnered support from some of the world’s leading GPs.
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