Why Arizona State is using a for-profit to help expand workforce partnerships - Ben Unglesbee, Education Dive

The new public benefit corporation, called InStride, went live earlier this month, timed with the beginning of the annual ASU GSV Summit, a celebration of education's intersection with commerce and technology. The Chronicle of Higher Education, which first broke the news of the for-profit entity, reported that Arizona State owns a minority stake in the venture, with the $2.1 billion Rise Fund, a private equity fund managed by TPG, as the majority owner. In a press release announcing its launch, InStride described itself as a "learning services enterprise" that intends to "achieve significant social impact" by partnering with companies that want to help their employees get a college education. It also credited Arizona State's existing partnerships, such as that with Starbucks, as being "the catalyst for the new company." https://www.educationdive.com/news/why-arizona-state-is-using-a-for-profit-to-help-expand-workforce-partnershi/552767/