Edtech unicorn Emeritus raises $350M in debt financing

Emeritus, the global platform for making quality education accessible and affordable to individuals, businesses, and governments worldwide, has announced that it has secured $350 million in debt financing from Canada Pension Plan Investment Board (CPPIB Investments) via its subsidiary CPPIB Credit Investments Inc.

According to an official release, the additional cash would be used to drive mergers and acquisitions as part of the Mumbai-based firm’s ambitious worldwide growth strategy.

Emeritus, a subsidiary of Eruditus Group, was founded in 2015 and has offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai.

Raymond Chan, Managing Director, Head of APAC Credit, CPP Investments, said, “The investment is aligned with our strategy of pursuing high quality credit investments across Asia Pacific and delivering attractive risk-adjusted returns for our contributors and beneficiaries.”

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