We are excited to announce the sale of our portfolio company The National Research Center for College & University Admissions (NRCCUA®) to ACT, Inc., the nonprofit developer of the ACT® test and other assessments taken by millions of individuals annually worldwide. NRCCUA is an educational research organization that links high school students to their “best-fit” college or university to improve graduation and workplace success.
NRCCUA was the first investment made from the Education Opportunity Fund. Since partnering with us, NRCCUA has invested significantly in technology, talent, and strategic relationships, growing its members to more than 1,800 four-year nonprofit colleges and universities. NRCCUA also launched its Encoura platform, which provides advanced, data-driven enrollment management and research solutions.
Together, NRCCUA and ACT will be one of the most experienced organizations in the higher-education industry in delivering data science, analytics, research, measurement, and assessments.
We are thrilled by the success of this investment and want to thank and congratulate everyone involved, especially our dedicated management team and expert Board of Directors. At the Education Opportunity Fund, we continue to look for innovative leaders and ideas that will significantly improve outcomes and our partnership with NRCCUA was a perfect example of this work.
You can read the full press release here.