Tilden Park Capital Management invests $100 million in MPOWER Financing.

MPOWER Financing, a provider of education loans, announced on Tuesday that it had received a USD 100 million (about Rs 744.8 crore) equity investment from Tilden Park Capital Management, King Street Capital Management, and others.
According to a release, the additional capital comes on top of the USD 30 million raised earlier this year by the company from Tilden Park Capital Management, which also participated in the current round, and ETS Strategic Capital on behalf of ETS. “King Street Capital Management, Drakes Landing Associates, and Pennington Alternative Income Management are among the current round’s other investors.”
Founded in 2014 by Emmanuel (Manu) Smadja, MPOWER Financing aims to democratise education by reducing financial barriers for high-promise students from India and other countries.
“The new funds will be used to directly support students, automate and scale our operations, and to grow our team in Bengaluru. We look forward to supporting an even greater number of qualified students around the globe as they study in the US and Canada,” MPOWER Financing Chief Executive Officer Emmanuel.
MPOWER Financing, based in Washington, D.C., has offices all around the world and works with over 350 leading colleges in the United States and Canada to provide funding to students from more than 200 countries.
One of MPOWER’s early investors was Bengaluru and New York-based Zephyr Peacock, which helped build MPOWER’s Bengaluru office and develop its presence in India.

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