Specialist global impact investor Blue Earth Capital has partnered with Achieve Partners, a US-based impact fund manager focused on education in North America. The partnership entails commitments to the latter’s latest fund, Achieve EdTech Buyout Fund, as well as a single-asset GP-led continuation fund.
As part of the partnership, Achieve’s EdTech fund will invest in businesses focused on reducing the cost of education for both students and institutions, increasing the quality of learning, and improving teaching and access to education, according to a press release.
In a statement, Nicolas Muller, Managing Director and Head of Private Equity Partnerships at BlueEarth, said: “Our partnership with Achieve Partners aligns with our impact strategy to harness technology to reduce educational inequality.
Given that nearly one in five American children live in poverty and disparate access to quality education persists, private sector investments in the education space are imperative to bridge these divides and unlock equitable opportunities.”
Daniel Pianko, Managing Director at Achieve Partners, added: “Technology currently represents less than 5% of global spend on education and we share Blue Earth’s vision that leveraging technology will improve access and opportunity for learners at all stages of their educational journey.”
