A UK-based group that raises money from private equity firms and donates it to charities has appointed two high-profile figures from Europe's buyout sector to its board, as the number of philanthropists emerging from the industry continues to grow.

The Private Equity Foundation has appointed Nikos Stathopoulos, a managing partner of buyout firm BC Partners, and Carlo Bonomi, a senior partner of Mediterranean private equity firm Investindustrial, to its board. Both BC Partners and Investindustrial both already donate to the PEF.