Vietnam-based EQuest Education Group said it raised $120 million in debt and equity financing as it aims to grow its network of schools in the country.
University Growth Fund (SLC) announced the close of its fund with more than $50 Million committed. Ally Financial Inc. was a leading investor with additional funds from Sallie Mae Bank, Lending Club, Arvest Bank, Continental Bank, and ATHOS. Individual investors include Jeremy Andrus (Traeger Grills) and Franklin McLarty (McLarty Diversified Holdings).
University Growth Fund (SLC) announced the close of its fund with more than $50 Million committed. Ally Financial Inc. was a leading investor with additional funds from Sallie Mae Bank, Lending Club, Arvest Bank, Continental Bank, and ATHOS. Individual investors include Jeremy Andrus (Traeger Grills) and Franklin McLarty (McLarty Diversified Holdings).
A $5 million investment fund backed by Utah philanthropists Tim and Joan Fenton is aiming to not only back startups coming out of the University of Utah network but also give students real-world experience in analyzing and vetting the companies most worthy of venture investment. Profits will be pushed back into the fund to grow and sustain the program amid a burgeoning entrepreneurial ecosystem at the school.