In every school district across the nation, students are being tested to determine what they have learned during the course of the school year. Passing the end of grade test shows that students may be proficient in subject matters that are taught throughout the year. In order to be successful, a student needs to show growth in their learning. Many students are from disadvantaged low economic communities, and may start the school year already behind grade level. The proficiency scores only reveal what a student knows at a particular time, and growth scores show how much the student has learned during the school year. In order to catch up, these students will need to improve their growth scores.
Rocketship Education has been following the Measures of Academic Progress since they opened their first school, and they applaud the state of Tennessee for using this module. Because at least seventy percent of their students were from disadvantaged low economic backgrounds, the school realized that they needed to be able to track, and test student learning. Now more schools in America, and internationally, are using the MAP assessments to determine if students are actually achieving and making growth in their learning, and if they are at or above grade level. It is important that parents know the difference between proficiency, and growth when when getting their student test results.
Rocketship Education is a network of public charter schools that nationally service students from disadvantaged, low economic communities. They are a non profit charter school system that was founded in 2006 by Preston Smith, and John Danner. It is a 501 C 3 corporation that is committed to eliminating the student achievement gap, and dedication to building sustainable models to propel student learning. It incorporates a technology supported, and teacher led approach to learning that is personalized for each student. They match the student”’s individual learning style with an appropriate method of instruction to ensure understanding and achievement. They encourage parents to engage in the student learning process in order to be better advocates for their child. Rocketship works with communities, parents, and other charter schools.
Fortress Investment Group Background
Fortress Investment Group was founded as a pure private equity firm dealing in alternative investment management. It is highly diversified in its operations where it manages assets of permanent capital, private equity or credit investments. The current overall worth of the assets it manages is $43.6 billion. Fortress Investment Group is a Limited Liability Company formed by Wesley R. Edens, Randal Nardone, Pete Briger Jr., Michael “Novo” Novogratz and Robert Kauffman. It was founded in 1998. It is based in New York and Great Lakes, Northeastern United States.
Fortress’s Core Competencies
Fortress Investment Group has a great experience in various types of asset-based investments. It has a wide range of experts dealing in pricing, owning, financing and management of assets both financial and physical in nature. These experts have specialized in specified areas where they become well informed on the industries each deal with. Fortress also has developed lasting relationships with leading companies and institutions which a plays a big role in the acquisition of investment knowledge and skills.To evaluate strategic, operational and structural challenges, Fortress has developed mechanisms which allow it to carry out complex investments. This ensures that the overall company’s benefits are maximum from the delicate looking investments.The company also has a great experience in mergers and acquisitions. This allows it to engage diverse stakeholders and board of directors to develop the best investment structure which ensures quality returns.
The acquisition of Fortress Investment Group by SoftBank Group.Recently, the SoftBank Group Corp (SBG) acquired the Fortress Investment Group LLC for $3.3 billion. The transaction was closed on July 12, 2017. The completion of the transaction implies that SBG has owned the outstanding shares of Fortress. $8.08 per share is to be given in cash for the Class A shares.New York Stock Exchange has delisted the Fortress’ common stock after it stopped its trades. The acquisition of Fortress was completed on December 27, 2017. Consolidation has been done on the Fortress’ financial out-turn where it will feature on the consolidated financial reports of SBG.The acquisition of Fortress will help SoftBank expand its activities in the United States. It has been making other moves necessary for its expansion of investment which includes partnering with Saudi Arabia to found a technology fund (SoftBank Vision Fund) that is $100 billion worth. Half of this fund will be used to fund investments in the U.S.
Fortress Loans Kushner Cos
Fortress has loaned several companies including Kushner Cos. It is a real estate organization that belongs to Jared Kushner’s family. Recently, it got a $57 million worth of loan to complete its two-tower building project that is in the process of development in New Jersey. Kushner Cos. spokeswoman confirmed that the loan transaction. The loan is a fraction of what is needed for the completion of the building project in New Jersey.It is not the first time that Fortress is engaging in deals with this company. Several transactions have been done from the Kushner Cos lending division, Kushner Credit Opportunity Fund.