NEW YORK, Could 20, 2021 /PRNewswire/ — Leif, a expertise firm devoted to growing entry to high quality and inexpensive schooling, in the present day introduced that it has accomplished a strategic financing spherical totaling greater than $60 million. Leif intends to make use of the brand new financing to strategically broaden its platform to satisfy the growing demand for outcomes-aligned tuition financing options, which have had vital affect for college kids and colleges. The strategic financing contains:
- LL Funds, LLC, an unbiased funding agency centered on specialty client finance investments, has dedicated a brand new $50 million credit score facility to Leif’s platform of current capital companions and has dedicated to take a position $10 million in fairness; and
- Insita Group LTD, a non-profit centered on schooling and workforce growth, has made an fairness funding in Leif. Phrases of the funding weren’t disclosed.
Leif is the Tuition Finance Administration Platform that gives end-to-end, outcomes-aligned tuition financing options to assist business main schooling suppliers throughout quite a lot of fields unlock full program progress and potential. Leif is the one outcomes-based tuition finance Program Supervisor with a monitor report of efficiency in outcomes-based schooling finance over its four-year historical past. Because the chief in its area, Leif has partnered with over 200 colleges and has organized financing options, permitting colleges to extend enrollment and educate almost 20,000 college students. In lots of circumstances, Leif’s associate colleges have seen a rise in enrollment of near 100% by providing outcomes-based financing by means of Leif with a selected concentrate on elevated variety of their pupil inhabitants.
Jeffrey Groeber, CEO of Leif, mentioned, “We’re happy to have the help of a outstanding institutional investor and mission-driven social affect capital for this strategic financing. LL Funds’ experience in specialty finance lending and Insita’s concentrate on significant enchancment in outcomes for decrease revenue youth and households in america will assist us prolong our main capital markets experience whereas fulfilling Leif’s mission of accelerating entry to high quality and inexpensive schooling. We couldn’t ask for higher interest-aligned companions as we proceed to develop and broaden Leif’s platform.”
“Leif is actually a singular, full-service program supervisor offering outcomes-aligned tuition financing options which are making a optimistic affect within the entry and affordability of upper schooling for college kids,” mentioned Shivraj “Raj” Mundy, Associate at LL Funds. “Leif has efficiently managed significant cohorts of contracts by means of their full-life cycle – from program design and contract origination by means of success. We’re thrilled to help such an impact-driven firm within the subsequent stage of its evolution and we stay up for collaborating with the proficient staff at Leif.”
Leif has partnered with near 100 colleges over the previous yr, facilitating the shut of over $300 million in progress capital to drive the enlargement of tuition financing and ISA packages, together with: $25 million to Fullstack Academy, $25 million with Rithm College, $10 million with Entity, $10 million with Burlington Code Academy, $25 million with Victory Lap, $20 million with Kingsland College, and $20 million with Medical Deciphering and Translating Institute On-line, amongst others.
Leif expects to develop its staff from 25 workers to roughly 50 over the following 12 months to capitalize on its vital progress alternatives.
Leif is a expertise firm devoted to growing entry to high quality and inexpensive schooling. The corporate has developed an end-to-end platform that permits the design, origination, and program administration of Earnings Share Settlement and different outcomes-based tuition finance packages. Because the infrastructure layer that powers tuition finance options for the postsecondary schooling ecosystem, Leif companions with colleges to offer college students with an outcomes-aligned type of schooling finance. To study extra, please go to: leif.org.
About LL Funds, LLC
Based in 2009, LL Funds is an unbiased funding supervisor centered on opportunistic investments in asset-backed securities (ABS), structured and specialty finance. LL Funds manages over $2 billion for institutional and particular person buyers.
About Insita Group LTD
Insita is a personal non-profit centered on significant enchancment in outcomes for decrease revenue youth and households in america.
Gasthalter & Co.