Apex Group Ltd is to provide its single-source solution on a pro-bono basis to a UK-based investment fund of funds, which will use it proceeds to fund children’s and education non-profits around the world.

Apex said Greater Share was an innovative philanthropic investment platform working to close the education gap and to enact measurable change on children’s lives across the globe.

The Bermudian-based global financial services provider said it would deliver corporate services, fund administration, transfer agency and banking services to Greater Share through Apex Group and its subsidiaries including EDB, management company FundRock, and capital introduction platform Profilir.

Apex said that Greater Share aimed to harness the investment expertise of the world’s top performing private equity funds and highest impact NGOs to solve complex global challenges.

The Greater Share fund-of-funds model will leverage the flagship strategies of top quartile investment firms, which invest across a wide range of fund types, sectors, and geographies.

Apex said this model would create a multiplier effect on donations, providing eight selected NGOs with long-term unrestricted funding to scale their impact, reach millions more children and reshape education systems.

The education-focused NGOs chosen as beneficiaries of Greater Share Education Fund are:

• aeioTU -- transforming communities through developing children’s potential in innovative and sustainable ways in Latin America;

• CAMFED -- providing opportunities for women and girls in Sub-Saharan Africa;

• Kaivalya -- building the motivation and capacity of education system leaders in India;

• KIPP -- operating a network of high-quality public charter schools in financially under-resourced communities in the US;

• London Early Years Foundation -- providing access to high-quality, affordable early childhood education and care;

• The National Institution for Student Success -- increasing college attainment while reducing equity gaps in the US;

• Teach for All -- developing collective leadership to ensure all children can fulfil their potential; and

• West London Zone -- supporting children and young people in the UK to build the relationships and skills to thrive in adulthood.

Peter Hughes, the founder and CEO of Apex Group, said: “Our purpose as a business is to drive positive change for a more sustainable, inclusive and responsible future.

“Education and social mobility are issues which impact every society and the scope for change is vast.

“We jumped at the opportunity to support Greater Share with our single-source solution, which offers all the services needed under one roof to allow Greater Share to focus on allocating capital and generating returns to drive equity and fund change through education.”

Paul Fletcher, chairman of the board of Greater Share, said: “Greater Share is more than just an innovative model for funding individual organisations -- it’s an ambition to build an entirely new vision for how we can deliver education globally with greater impact.

“Greater Share provides a unique opportunity for investors to impact the lives of children across the globe.”