ImpactAlpha, June 29 — The fund will acquire businesses that provide apprenticeships in health care, information technology and other industries facing skills shortages, and move newly trained workers into high-quality jobs.
“We’re backing the buildout of an entirely new approach to sourcing and screening talent, and providing the vital last-mile training that workers need,” said Achieve’s Ryan Craig, who raised the fund with Daniel Pianko (see, “With policy prompts, private equity fund managers can drive social benefits, too”).
Prudential Financial and Zoma Capital backed the Putting America Back to Work fund, which aims to put 100,000 people into “good jobs” to which they otherwise would not have had access.
“Providing training for in-demand jobs has the ultimate impact of providing economic mobility for Americans,” said Prudential’s Andrea Kaufman. Achieve was formerly known as University Ventures.