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With Venture Philanthropy, Private Equity adopts a solidarity-based approach

Published on
3/11/2023
Amended on
3/4/2024
0
minute(s)
The AlphaOmega Foundation, created in 2010 by Maurice Tchenio, uses Venture Philanthropy to combat school dropout. Investors in the Altaroc fund can donate part of their earnings to support the cause.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

Founded in 2010 by Maurice Tchenio, Chairman and CEO ofAltaroc Partners (formerly Altaroc Partners) - the management company that markets the Altaroc funds - the AlphaOmega Foundation aims to help young people from disadvantaged back grounds to stay in school and succeed, and thus to achieve greater equality of opportunity.

Thanks to the Venture Philanthropy model on which the Foundation is based, investors in the Altaroc Odyssey 2023 fund can now donate a portion of their capital gains, which will then be multiplied.

As Maurice Tchenio explains, "for a donation of €4,760, you give €14,000 to the Foundation".

How can Private Equity help make a positive impact on the world? How does Venture Philanthropy work? How does the AlphaOmega Foundation benefit?

Answers in this exchange between Maurice Tchenio and Elisabeth Elkrief, La Fondation's Managing Director.

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