A-Street Raises $675 Million for Education Fund with Backing from Walton Family and Lego Foundation
A-Street, a multistage investment firm focused on PreK-12 education, has successfully raised $675 million for its second fund. The capital raise includes significant contributions from the Walton family, heirs to the Walmart fortune, and the Lego Foundation, which is also a partial owner of the Danish toy maker Lego Group. Co-founder Marc Sternberg, a former professional at the Walton Family Foundation and NYC Department of Education executive, confirmed the fundraising milestone while noting that discussions with additional potential backers are ongoing. Launched in 2021 alongside Tom Kuo, A-Street aims to invest in companies supporting the education sector. This funding round highlights growing interest from major philanthropic and corporate entities in private equity solutions for educational infrastructure and innovation.
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A-Street Raises $675 Million for Education Fund with Backing from Walton Family and Lego Foundation
A-Street, a multistage investment firm focused on PreK-12 education, has successfully raised $675 million for its second fund. The capital raise includes significant contributions from the Walton family, heirs to the Walmart fortune, and the Lego Foundation, which is also a partial owner of the Danish toy maker Lego Group. Co-founder Marc Sternberg, a former professional at the Walton Family Foundation and NYC Department of Education executive, confirmed the fundraising milestone while noting that discussions with additional potential backers are ongoing. Launched in 2021 alongside Tom Kuo, A-Street aims to invest in companies supporting the education sector. This funding round highlights growing interest from major philanthropic and corporate entities in private equity solutions for educational infrastructure and innovation.
WSJ.com: Markets