Penn State Will Not Use Private Equity for Funding, AD Pat Kraft Says, Refuting Report

Penn State will not use private equity for funding, AD Pat Kraft says, refuting report

Is Penn State using private equity to fund athletics? AD Pat Kraft says no

Penn State athletics has “no affiliation or involvement with any private equity firm or fund,” athletic director Pat Kraft said in a statement to PennLive on Monday evening.

UCLA, Penn State deny reports of private equity funding from Elevate - Regional Media News

UCLA and Penn State have denied a report Monday by Sportico that they have partnered with consulting firm Elevate to receive funding from its $500 million College Investment Initiative. Elevate formally announced the initiative earlier Monday and told news outlets that two schools had signed up with the project. However, UCLA and Penn State officials each denied Sportico’s reporting that they have engaged with the new fund. Both schools said the…

Pat Kraft on reports of Penn State joining Elevate’s College Investment Initiative: 'We have no affiliation or involvement with any private equity firm or fund'

Penn State athletic director Pat Kraft is disputing reports that the school is signing on with Elevate’s College Investment Initiative.