Canyon-Agassi Investing in Charter Schools Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

After an uncommon round of doubles in May 2011, real estate investor Bobby Turner, Managing Partner, Canyon-Agassi Charter School Facilities Fund (CACSFF) and Chairman, CEO, and Co-Founder of Canyon Capital Realty Advisors, found himself at a loss for words. Turner was in the middle of raising capital for the CACSFF, a vehicle made to encourage the success and growth of best-in-class charter schools by acting as a for profit "bridge" programmer of educational facilities throughout the USA. He thought he had located the perfect investor in Bill Gates. However as he made his pitch alongside his partner, retired professional tennis star Andre Agassi, and Andre's wife, retired professional tennis star Steffi Graf on the tennis court, he comprehended that he would encounter more opposition than originally projected.

In spite of Gates' fascination and conspiracy with all the new notion of the pair, he was hesitant to combine the nonprofit oriented attempts of the Bill & Melinda Gates Foundation with a for-profit private equity investment. Turner had attended similar concerns from other philanthropists and foundations. Additionally, the fund's delineation as a social enterprise left unreturned questions regarding making a favorable impact may be juxtaposed with efforts to maximize investor gains. What started off as the match of the century finished somewhat as Gates graciously refused the chance to invest in CACSFF. As Turner and Agassi walked off the court, they understood they would need to go back to the drawing board to gauge which investors would have an appetite for this kind of investment and how best to market the fund to those parties.

PUBLICATION DATE: November 18, 2013 PRODUCT #: 214033-HCB-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING