In the first quarter of 2020, our portfolio company Graduation Alliance was acquired by one of the top ten largest global private equity funds based on funds raised over the past five years. This was our largest investment in New Markets Education Partners, LP, and returned the entire fund.
Graduation Alliance works with low-income, minority and disadvantaged students of all ages through partnerships with schools, districts, community colleges, workforce development agencies, and employers to provide alternative pathways from high school graduation to career training. From at-risk teenagers who need an alternative path to graduation to older minority adults who want more education and career training, Graduation Alliance is dedicated to ensuring every American can access the opportunities they need to find and keep meaningful, living-wage careers in the 21st century economy.
Graduation Alliance helps teen and adult dropouts without a high school degree gain a high quality diploma, life skills, and job credentials that lead to postsecondary education, improved employability, and higher wages. Graduation Alliance’s programs create opportunity through the power of education and improve lives by preparing underserved students for today’s economic opportunities.
Since our initial investment, Graduation Alliance has served over 12,000 students through dropout recovery and its other programs. From 2016-2019, Graduation Alliance increased its number of students served by 35% annually, and has graduated over 4,000 students across all its programs.