| Notes |
Salmon River Capital helped create one of the biggest names in for-profit secondary education, Capella University. “As a foundational investor and director, [Salmon River Capital’s] Josh Lewis made invaluable contributions to Capella’s success. From leading our landmark financing in 2000, when Capella was a $10 million business operating in a difficult environment, through a successful 2006 IPO and beyond, he proved a great partner who kept every commitment he made,” reads a statement from Steve Shank, founder of Capella.
The Minnesota-based Capella heavily recruits veterans and has received $53.1 million from the GI Bill in the past four years. The Minnesota attorney general is currently investigating several unnamed for-profit colleges in her state. |