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Extraction Summary
4
People
8
Organizations
4
Locations
2
Events
2
Relationships
3
Quotes
Document Information
Type:
Executive summary / investment memorandum
File Size:
Summary
This document is an executive summary for Knowledge Universe Education L.P. (KUE), a Cayman Islands-based education company primarily owned by Michael Milken, Lowell Milken, and Steven Green. It outlines the company's structure, including subsidiaries KLC OpCo (education operations) and KLC PropCo (real estate), as well as its interest in k12 Inc. The summary highlights the principals' backgrounds and their investment philosophy based on human capital theory.
People (4)
| Name | Role | Context |
|---|---|---|
| Michael Milken | Principal Owner |
Principal owner of KUE; has more than two decades of experience in the education sector.
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| Lowell Milken | Principal Owner |
Principal owner of KUE; has more than two decades of experience in the education sector.
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| Steven Green | Principal Owner |
Principal owner of KUE; former U.S. ambassador to Singapore; international industrialist.
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| James Heckman | Professor |
University of Chicago professor cited in footnote regarding Human Capital Policy theory.
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Organizations (8)
| Name | Type | Context |
|---|---|---|
| Knowledge Universe Education L.P. (KUE) |
Cayman Islands exempted limited partnership; subject of the memorandum.
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| Knowledge Learning Corporation (KLC) |
Part of KUE structure.
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| KLC OpCo |
Education operations entity; 2,507 locations.
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| KLC PropCo |
Real estate entity; 845 centers.
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| k12 Inc. |
Online curriculum provider; KUE has significant interest.
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| KUE Management Inc. |
General Partner in the organizational structure.
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| University of Chicago |
Affiliation of Professor James Heckman.
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| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT'.
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Timeline (2 events)
August 2002
November 2005
KLC separated its education operations (KLC OpCo) from its real estate assets (KLC PropCo).
USA
Knowledge Learning Corporation
Locations (4)
| Location | Context |
|---|---|
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Jurisdiction of Knowledge Universe Education L.P.
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Base of operations; location of assets.
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Location where Steven Green served as U.S. ambassador.
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Location of KLC OpCo operations.
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Relationships (2)
Listed together as Principal owners of KUE.
Listed together as Principal owners of KUE.
Key Quotes (3)
"KUE is the third largest for-profit education company in the world and the largest for-profit education company in the pre-school to 12th grade segment ('pre-K-12') in the world."Source
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Quote #1
"The principal owners of KUE are Michael Milken, Lowell Milken and Steven Green (collectively the 'Principals')."Source
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Quote #2
"The Company represents the Principals' sole vehicle for equity investment opportunities in the pre-K-12 sector going forward."Source
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Quote #3
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