Schools Matter: Goldman Sees Gold

Schools Matter: Goldman Sees Gold

Goldman Sees Gold

by Kenneth Libby

From Marketwatch:

PRESS RELEASE
Nov. 9, 2010, 10:28 a.m. EST
LISC, Goldman Sachs Partner on Charter School Financing Facility

NEW YORK, Nov. 9, 2010 /PRNewswire via COMTEX/ -- The Local Initiatives Support Corporation (LISC) and The Goldman Sachs Group Inc. today announced the formation of a $25 million charter school facility that will finance the development of approximately 16 charter schools over the next two years.

The Goldman Sachs Charter School Loan Facility will be capitalized by Goldman Sachs and credit-enhanced by funds awarded by the US Department of Education to LISC, which will also manage the facility and its lending program. LISC currently supports 130 charter schools