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UK venture philanthropy pioneer Impetus Trust announces new joiner to board

Date: 12 Jun 2009

Citywealth

UK venture philanthropy pioneer Impetus Trust announces that Louis Elson, Managing Partner and co-Founder of Palamon Capital Partners is joining its Board of Trustees.

Elson co-founded Palamon Capital Partners, a private equity firm, in 1999. He has been an active member of the European private equity industry for almost twenty years, and was previously a Partner of Warburg Pincus. He is a member of the Mid-Market Committee and the Research Advisory Board of the British Venture Capital Association. Alongside becoming an Impetus Trustee, Elson serves on the boards of a number of charitable organisations, including the Development Board of The Prince’s Trust.

Elson joins the board as Impetus expands its reach, with the aim of doubling its portfolio in the next four years.

Commenting on the appointment, Elson said, “I believe that as contemporary philanthropy continues its move towards deeper engagements with a broadening array of specialised not-for-profits, the venture philanthropy model will become one of the most important resources in the development of the charity sector. Impetus Trust is not only the pioneer, it is the clear leader in the implementation of programmes which successfully provide capital, infrastructure and know-how to charities with the ability to grow and dramatically increase their social impact. I am honoured to be able to join the Impetus team in their efforts.”

Impetus Chairman Stephen Dawson said, “Louis has an unusual combination of skills and experience, which makes him an ideal trustee for Impetus. With his extensive experience in private equity he is instinctively in tune with the Impetus model, and this experience also contributes to his great strategic insight. He has a considerable track record in attracting funds to the charity sector and a great network that complements that of other Trustees.”

Impetus has invested money and expertise in 13 charities. It looks for charities that are tackling root causes of poverty and helping to improve levels of education, skills and employability. The ultimate aim is to enable ambitious and innovative charities with a strong growth potential to have a far greater impact on the lives of economically disadvantaged people. More on Impetus and its other Trustees on http://www.impetus.org.uk/.

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