GROWING A NEW FUND: Education Growth Partners (EGP), a Stamford, Conn.-based private equity firm that deals primarily in K-12, higher-ed and corporate development companies, has raised $52 million for a new fund, according to a SEC filing first reported by PE Hub. EGP is seeking to raise $100 million.
The firm, founded in 2011, currently lists nine companies in its portfolio. The latest addition is Apex Learning, a provider of online courseware and college-readiness courses for middle- and high-school students, which was acquired in 2017. EGP previously also invested $10 million in both Fuse Universal, a collaborative learning platform for enterprises, and Modo Labs, which is used by higher-ed institutions to build mobile communication and engagement tools.
Some of the founding members of Education Growth Partners went on to head Tyton Partners, an investment banking firm that advises on transactions in the education industry (including ones that EGP has invested in).
