Two new charitable investments by the Private Equity Foundation (PEF) have taken the venture philanthropy fund’s total investment in Germany to €400,000 (£365,000).

PEF has invested €195,000 (£178,000) in Projektfabrik’s JobAct® Programme, which combines the world of theatre with work, and €25,000 (£22,800) in SchlaU, which provides young unaccompanied refugees with an education adapted to their needs. They join apprenticeship provider Hamburger Hauptschulmodell in PEF’s German portfolio.

Shaks Ghosh, PEF chief executive, commented, “Both JobAct and SchlaU were a perfect fit for the Private Equity Foundation. They are highly innovative and successful at giving disadvantaged young people a chance in life, but stand to derive great benefit from financial and pro bono investment in their core infrastructure to enable them to roll-out their programmes.”