According to Grant Jones, chief administrator of PALF, "This year we were able to bring hundreds of pounds of books to needy schools, to schools in some cases that had no libraries at all.
PALF plans to return to Ghana in March 2009 with a broader package of services and interests for international writers.
Looking forward, PALF wants to increase the number of participants and its diversity.
Katelyn Donnelly, managing director of the PALF, said: We have a long held belief that the private sector can complement the public sector to help increase access to high-quality education and improve learner outcomes.
These investments mark the fourth and fifth in the PALF portfolio and represent the fund s commitment to supporting the delivery of quality education to those most in need.
Sir Michael Barber, Chief Education Advisor at Pearson and Chairman of PALF, commented:
We are excited to invest in APEC, PALF s largest investment to date.
Ayala Corporation and PALF have created a new entity called Affordable Private Education Centres (APEC), which will manage and scale the secondary school chain.
As per PALF
Katelyn Donnelly, "Avanti is particularly exciting because it is a non-traditional pedagogy with very strong initial results.
It was this commitment from Akshay and Krishna to focus on improving the education of low-income communities, combined with an innovative learning model, that was the most attractive aspect of the investment opportunity explains PALF executive director, Katelyn Donnelly.
PALF is enthused to support the Avanti team to successfully grow across India, and we look forward to working with them to deliver on their long-term vision.
makes minority equity investments in for-profit companies operating in the affordable education services in Africa, Asia and Latin America.