Penn State, UCLA Athletic Directors Deny Involvement with Private Equity Funding Amid House v. NCAA Settlement

Penn State, UCLA athletic directors deny involvement with private equity funding amid House v. NCAA settlement

The Big Ten schools were reported to have reached landmark agreements with consulting firm Elevate

UCLA, Penn State deny reports of private equity funding from Elevate

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.

BREAKING: UCLA Makes Historic Private Equity Deal to Fund Athletics

UCLA is joining Penn State as the first two universities in history to take on private capital for their athletic departments.

Penn State, UCLA Have Decided To Take Money From Private Equity Funding. Schools Looking For Help

Now that schools are set to start paying players directly due to the House settlement being approved, some athletic departments are looking for additional forms of revenue. On Monday, it was announced that ELEVATE has created a $500 million College Investment Initiative, with two teams from the Big Ten, Penn State and UCLA set to take the private capital. The news was first reported by Sportico, and will see both schools take in probate equity i…

Boise State Expects PE Investment ‘Within the Next 6 Months’

The Boise State Broncos are “actively considering” private equity investment, says athletic director Jeramiah Dickey.

Penn State, UCLA taking first eight-figure private capital deals with Elevate

Elevate announced Monday morning a $500 million private capital fund to help college sports’ athletic departments navigate the revenue-sharing era. Dubbed the College Investment Initiative, Penn State and UCLA are the first two clients, signing eight-figure deals with Elevate, sources confirmed to On3. It’s only the starting point for the investment fund. Elevate’s other university […]