Rede Partners announces new strategic alliance with Greater Share
Rede Partners will feature Greater Share’s activities on RedeWire, Rede’s interactive online LP portal
LPs will see Greater Share featured alongside Rede’s client roster of high calibre Private Markets Managers, on a pro bono basis
Partnership aims to increase awareness of Greater Share’s unique philanthropic investment model amongst institutional investors
Rede Partners, an independent private equity fundraising advisory firm, is proud to announce that it has entered a strategic alliance with Greater Share, a philanthropic investment model that harnesses the power of private equity for good. The alliance leverages RedeWire, Rede’s market leading online Limited Partner portal to raise awareness and share information about the activities of Greater Share.
Greater Share is a new philanthropic investment platform that aims to connect the world’s top-performing private equity funds with impact-driven non-governmental organizations (NGOs). Greater Share invests in best-in-class private equity funds screened for ESG criteria with a pledge to share at least 50 percent of the gains with high-impact education NGOs with general partners also donating 100 percent of their associated fees and carry. Its first vehicle will support at least eight NGOs that have missions to close the education equity gap for students from cradle to career in underserved communities around the world.
RedeWire is an interactive online platform conceived as an innovative and effective way to connect institutional investors (“LPs”) with Rede’s client base of high calibre Private Market Managers. Launched in January 2023, RedeWire has well over 1,000 active users, representing institutional quality LPs across the globe with whom Rede has an established relationship. Regulatory compliance has been at the heart of the development of RedeWire, which is accessible, by invitation only, to institutional investors within Rede Partners’ network.
With the establishment of the strategic alliance Greater Share will be featured alongside Rede’s clients on a pro bono basis. Limited Partners will be able to view basic information relating to Greater Share and contact Greater Share directly should they wish to learn more.
Graham Elton, Greater Share co-founder, board member, and chairman of EMEA Private Equity Practice for Bain & Company, said: "I think Greater Share’s fundamental model is a win-win-win. It's a win for the GPs, it's a win for the NGOs, and it's a win for the investors. The message for the NGOs and GPs is relatively straightforward, but for an investor it's more complex. We are asking them to consider two perspectives at the same time: a financial mentality of getting the very best returns and a philanthropy mentality of sharing a portion of those returns for the betterment of the world."
According to Paul Fletcher, Greater Share co-founder, board chair, and former senior partner at Actis, said: “Rede is trusted and respected by some of the market’s most prominent Private Equity firms and by institutional Limited Partners across the globe. We believe this relationship and the platform can be catalytic for our mission to streamline long-term reliable funding to high-impact NGOs so they have the room to plan, grow, and innovate without constant fundraising.”
Adam Turtle, CEO and Co-Founder of Rede Partners, said: “We see this alliance as a coalition of innovators. Like Greater Share, we believe that the private markets can have a transformational positive impact on the world around us. We are impressed by the thoughtful way that Greater Share has built its model, and we are excited to harness the potential of RedeWire to spread awareness of Greater Share’s unique model amongst LPs.”
About Greater Share
Greater Share is an innovative initiative that combines philanthropy with private equity to generate significant long-term, reliable, repeatable support for NGOs working to close the most important gaps around the world. Advent International, Bain Capital, Cinven, Hg Capital, Lexington Partners, Nautic Partners and Permira are among those already partnering with the enterprise. Other partners and service providers include Rede Partners, Apex Group, Bain & Co., Fundrock Management Company, Greenbrook Partners, Hamilton Lane, Simpson Thacher & Bartlett LLP, Structure, The Bridgespan Group, Goji, and The Education Commission.