Trustees

The Impetus – Private Equity Foundation Board is composed of 14 highly experienced trustees, who have backgrounds in the private and voluntary sectors. Trustees include several co-founders of Impetus Trust and the Private Equity Foundation, the two predecessor organisations of Impetus-PEF.

Johannes Huth, KKR (Chairman)

Johannes is the Head of Europe at KKR, responsible for its operations in Europe, the Middle East and Africa. He currently serves on a number of supervisory boards, including WMF, Kion, NXP BV and ProSieben Sat 1 Media AG. Prior to joining KKR in 1999, Johannes was responsible for Investcorp’s operations in Europe and a member of its Management Committee. Previously, he was with the Salomon Brothers, where he was a Vice President in the Mergers and Acquisitions departments in London and New York. He is a trustee of the Design Museum, the Staedel Museum in Frankfurt and a governor of the London School of Economics.

Louis G Elson, Palamon Capital Partners (Deputy Chairman)

Louis G Elson is the Managing Partner of Palamon Capital Partners, a private equity firm he co-founded in 1999. He has been an active member of the European private equity industry for almost twenty years, previously as a Partner of Warburg Pincus. He is a member of the Research Advisory Board of the British Venture Capital Association. He serves on the Development Board of The Prince’s Trust and is a Trustee of the Hobson Foundation for Classical Studies.

Marc Boughton, CVC Capital Partners

Marc is a Managing Partner and Board Director of CVC Capital Partners Group, and CEO and founder of CVC Credit Partners: an affiliated global credit manager with assets under management of $7.9bn. Marc has been a Board member of CVC’s portfolio companies including Wavin, Acordis, Flint, Trench, Amatek and Building & Property. Marc is also Vice Chairman of CVC’s Charitable Foundation and responsible for CVC’s Philanthropy programme “Connecting CVC and the Community”. Prior to CVC, Marc spent five years at both Electra Partners and Deloitte Haskins & Sells (now PricewaterhouseCoopers) where, as a chartered accountant, he specialised in corporate recovery and investigations.

Craig Dearden-Phillips MBE, Stepping Out

Craig is the Founding CEO of Stepping Out, a venture helping public services to become a social enterprise. A serial social entrepreneur, Craig is the Founding Chair of the UK disability social enterprise Speaking Up (now VoiceAbility) and is co-founder of five smaller civil society organisations. Craig is the author of a best-selling business book for social entrepreneurs and is a regularly columnist for The Guardian and Third Sector magazine. Craig has an MBA and is a Fellow of the Centre for Welfare Reform and a Visiting Fellow of Ashcroft International Business School. He is also a School Governor, a Committee member of Communitybuilders and a Founding Trustee of the new Southgate Partnership Development Trust in his community. An elected Councillor, Craig serves as the Liberal Democrat Spokesman for Communities on Suffolk County Council.

Stephen Dawson OBE, ECI

One of the first venture capitalists in the UK with 30 years’ board level experience as chairman, chief executive and director, Stephen has been involved for 25 years with ECI, a venture capital company specialising in mid-market buy-outs, where he is now non-executive chairman. He was until recently chairman of Ovum PLC.  Stephen co-founded Impetus and was a founder trustee of the European Venture Philanthropy Association (EVPA). He is co-founder and chairman of Jacana Venture Partnership which aims to tackle poverty in Africa by helping build a venture capital industry. Stephen was named the Personality of the Year at the Private Equity Awards in April 2007. Stephen was awarded an OBE “for services to the Voluntary Sector” in 2010. In February 2013, Stephen received the Beacon Award for Pioneering Philanthropy.

Charlie Green, 24Haymarket

Charlie Green is a co-founder of the Private Equity Foundation, and previously led its work on social investing. He is currently a partner of 24Haymarket and a non-executive director of several small businesses for whom he has raised growth capital, such as ADF Milking, Wattbike, LoveThis and Cloudhouse. He was previously a partner at Candover, a private equity firm, and prior to that a director of Morgan Grenfell and Deutsche Bank.

Andy Hinton, Alisa3 Ventures

Andy is co-founder of Ailsa3 Ventures Ltd, a small privately funded, private equity investment vehicle set up in 2003. He led the management buy-in of White Rose Environmental Ltd and prior to that Andy held a variety of senior corporate roles in the environment sector, including Board Director of Yorkshire Water.

Carl Parker, Permira

Carl became a Partner at Permira in 1995. He was formerly Head of the TMT Sector Team and was Head of the London Office between 2006 and 2008. Carl has worked on numerous transactions including Across Wireless, debitel, Genesys, NDS, OdigeO (the merger of eDreams with Go Voyages and Opodo) and Travelodge. Prior to joining Permira in 1989, Carl worked for several years at Hewlett Packard. He was previously at Unilever, Altergo Software and Case Communications. Carl has a degree in Chemistry from UMIST, England, and an MBA from London Business School, England.

Karl Peterson, TPG Capital

Karl Peterson is a Managing Partner at TPG Capital, and head of the firm’s European Office. Mr Peterson re-joined TPG Capital in 2004, after leading Hotwire, the internet travel portal, from its launch in 1999 to its $680 million sale to InterActiveCorp in 2003. Prior to Hotwire, he was a principal at TPG in San Francisco, where he was involved in a number of successful investments, including Paradyne Networks, Globespan and Oxford Health Plans, and from 1992 to 1995 he was an Financial Analyst at Goldman Sachs. Karl is currently a Director of Sabre Holdings and Norwegian Cruise Lines, as well as Caesars Entertainment Corporation.

Andrew Sillitoe, Apax Partners

Andrew Sillitoe is co-Chief Executive Officer of Apax Partners. Andrew is also a member of the Executive, Investment, Approval, Portfolio Review and Exit Committees.  He has been based in London since joining the firm in 1998 and has focused on the technology & telecommunications sectors in that time. Andrew has been involved in a number of deals, including TIVIT, Trizetto, TDC, Intelsat/Panamsat and Inmarsat. He currently sits on the board of TDC. Prior to joining Apax Partners, Andrew was a consultant at LEK where he specialised in advising clients on acquisitions in a number of sectors, including technology and telecommunications. Andrew holds an MA in Politics, Philosophy and Economics from Oxford and an MBA from INSEAD.

Hanneke Smits, Adams Street Partners

Hanneke Smits is Chief Investment Officer at Adams Street Partner, responsible for formulating the global investment strategy. She also chairs its primary and secondary investment committees. Hanneke is a member of the firm’s executive committee, having been part of the leadership since Adams Street Partners was formed in 2001. She joined Adams Street Partners’ predecessor organisation in 1997 to establish the firm’s presence outside the United States. Hanneke has held prior roles at Pantheon Ventures, Philips China Hong Kong Group, Orange Nassau Asia and Knight Wendling. She was a former Chair of the EVCA Investor Relations Committee and has an MBA from the London Business School.

Nat Sloane, Big Lottery Fund

Nat Sloane is the co-founder and served as Vice Chair of Impetus Trust. A successful entrepreneur, venture capitalist, management consultant and social investor, he brings a wealth of experience to the role. Prior to Impetus, Nat was a partner in Accenture, where he also chaired their UK charitable foundation, and was vice chairman of Crime Concern. He is currently the England Chair of the Big Lottery Fund, an independent member of the Bridges Social Enterprise Fund investment Committee and a member of the Social Finance Social Impact Advisory Board. Nat has established three private businesses in the UK and the US.

Nikos Stathopoulos, BC Partners

Nikos Stathopoulos joined BC Partners in 2005 from Apax Partners where he spent seven years working on large buy-out transactions in many European countries. Prior to this he spent three years as a management consultant at the Boston Consulting Group in London. He holds an MBA from Harvard University and a degree in business administration from Athens University of Economics and Business. He is a member of the Harvard Business School European Leadership Council and of the EVCA buy-out committee. He is a Greek national and speaks Greek, English, French, Spanish and Italian.

Committees

To ensure in-depth review and oversight of critical parts of Impetus-PEF activities, there are five committees to the Impetus-PEF Board. Collectively, these committees seek to ensure that the specific areas of focus are led, where possible, by trustees.

Investment Committee

The committee is responsible for ensuring a balanced portfolio and recommends the direction of the portfolio in terms of its mix, growth and overall strategy.

In determining new inclusions to our portfolio, the committee scrutinises and recommends which charities should be taken through to due diligence; ensures that the due diligence process provides the appropriate level of appraisal to safeguard investment; and makes recommendations on charity investments to achieve a balanced portfolio.

Beyond the initial investment, the committee also reviews the funding and milestones of the portfolio and conducts status reviews of the portfolio as well as scrutinising and recommending reinvestments and graduations from the portfolio.

The Investment Committee is chaired by Nat Sloane of Big Lottery Fund.

Finance and Audit Committee

The committee scrutinises and approves the draft annual budget, and reserves and investment policies to put before the Board. It monitors the integrity of the charity’s financial statements and the effectiveness of the external audit process and systems of internal control.

The committee is also responsible for ensuring that an appropriate relationship between Impetus-PEF and the external auditors is maintained, including reviewing non-audit services and fees.

The Finance and Audit Committee is chaired by Carl Parker of Permira.

Development Committee

The Committee seeks to increase Impetus-PEF’s ability to drive systemic change by building support for our work from funders. The committee raises funds from companies, grant-making trusts, individual philanthropists and other sources. The committee also ensures the breadth and quality of engagement we offer our donors.

The Development Committee is chaired by Nikos Stathopolous of BC Partners.

© 2014 Impetus – Private Equity Foundation. Registered charity number: 1152262. Company number: 8460519.    
Design by Fabrik.