Knowledge Investment Partners Launches Education Hedge Fund

CLEVELAND -- Knowledge Investment Partners (KIP) announced that it has launched the KIP Presidium Fund L.P. with over $50mm from major institutional investors and over $100 million already committed to the fund. KIP Presidium expects to have an initial closing of approximately $200mm later this year. The KIP Presidium Fund, KIP’s second hedge fund, is a sector fund focused on education and related information services companies. KIP’s first hedge fund, the KIP Education Fund, is in its 4th year. KIP manages the only dedicated hedge funds focused on the education sector and also has a separate private equity arm.

“Rob Herman, the portfolio manager for the new fund, has a proven track record as a successful hedge fund manager and adds valuable depth to KIP’s team,” said Robert C. Daugherty, KIP’s Managing Partner and Chairman of the KIP Presidium Fund Investment Committee. “Our firm is focused exclusively on the education sector and we have developed in-house expertise on every sub-sector of the education market, supplementing this in-house knowledge with a network of industry experts.”

Added Rob Herman, “KIP’s information network has created, and will continue to create, proprietary trading ideas because of the difficulties many investors have in interpreting or having access to the unique characteristics of the sector.” Daniel Pianko, who has significant education and investment experience, is the lead analyst on the KIP Presidium Fund. “The success of our launch is recognition of both the opportunity that education-related companies in the public markets represent and KIP’s competitive information advantage in evaluating these companies,” concluded Herman.

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