First Round may be relatively unaccustomed with scribing straight-faced and worthy pieces but the latest charity initiative from the Impetus Private Equity Foundation (Impetus-PEF) deserves our attention. Impetus-PEF aims to help transform the lives of disadvantaged 11-24 year olds by ensuring they get the support they need to succeed in education, training and employment. It does so by identifying and then partnering with youth charities and social enterprises and providing them with long-term funding and ongoing strategic advice. The charity held the official launch of its latest campaign, Future Leaders, with the Impetus-PEF Transforming Lives Dinner followed by 'The After Party' at the Victoria & Albert Museum on 4 June from 10pm to 1am. 'The After Party' saw guests joined by leading figures from the private equity industry who attended Impetus-PEF's annual Transforming Lives Dinner earlier that evening. Once most, if not all, of the senior PE figures had left after some mixing and networking, the next generation of budding private equity CFOs and CEOs was able to party the night away with cocktails and music from club DJs Seb and Leo (YOYO). Warburg Pincus, CVC, HgCapital, Blackstone, BC Partners, Bank of America Merrill Lynch, Bain Capital, Living Bridge, TPG have all signed up to the ongoing programme, whilst Deloitte are official supporters. Johannes Huth , head of Europe for KKR, and chairman of the board of trustees at Impetus-PEF, helped introduce PE-style rigour to the way the charity is run, through implementing KPIs and restructuring its fundraising efforts. He told First Round: “I'm involved because it allows someone like me to utilise what I know to pass on to those that might otherwise fail their GCSE's but could hopefully go on to achieve a successful career. They might become a future CFO I could hire. He adds: “This is way more valuable than helping to paint a playground. We all own a lot of companies in the UK and they employ a lot of people so it is something beneficial for the whole economy.”
For more information on Future Leaders and how your organisation can get involved, email Harry.Mallidis@impetus-pef.org.uk for further information.
Details on all the activities of Impetus-PEF can be found at www.impetus-pef.org.uk.