Alignment Credit exits the loan to General Assembly Space, Inc.

New York, NY — Alignment Credit exits the loan to General Assembly Space, Inc. as part of the company’s sale to the European human resources services company Adecco Group. (https://techcrunch.com/2018/04/15/new-yorks-programming-ed-tech-startup-general-assembly-sells-to-adecco-for-413-million/)

General Assembly (www.generalassemb.ly/) is a private, for-profit education organization founded by CEO Jake Schwartz, Adam Pritzker, Matthew Brimer, and Brad Hargreaves in early 2011. It maintains campuses in numerous countries throughout the world to teach entrepreneurs and business professionals practical technology skills.

Alignment Credit and Prudential Impact Investments provide $25 million senior secured term loan financing to General Assembly Space, Inc.

New York, NY — Alignment Credit exits the loan to General Assembly Space, Inc. Alignment Credit partners with Prudential Impact Investments provide a senior secured term loan to General Assembly. Alignment Credit acted as lead arranger and administrative agent.

General Assembly (www.generalassemb.ly/) is a private, for-profit education organization founded by CEO Jake Schwartz, Adam Pritzker, Matthew Brimer, and Brad Hargreaves in early 2011. It maintains campuses in numerous countries throughout the world to teach entrepreneurs and business professionals practical technology skills.

Alignment Credit and Prudential Impact Investments provide $18.0 million senior secured term loan to Qumpus, Inc. (d/b/a Better World Books)

New York, NY — Alignment Credit partners with Prudential Impact Investments provide a senior secured term loan to Qumpus, Inc. (d/b/a Better World Books). Alignment Credit acted as lead arranger and administrative agent.

Better World Books (https://www.BetterWorldBooks.com) is a for-profit socially conscious business and a global online bookseller that collects and sells new and used books online matching each purchase with a book donation, Book-for-Book™. Each sale generates funds for literacy and education initiatives in the UK, US, and around the world. Since its launch in 2003, Better World Books has raised more than $27 million for libraries and literacy, donated over 26 million books and reused or recycled over 313 million books.