The French specialist in “responsible investmentSycomore Factory SAS, controlled since 2019 by the Italian giant Generali, will launch on Monday a fund dedicated to the booming education sector, reports the weekly JDD.
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«The team in charge of operating this fund, backed by the Sycovalo platform which brings together 24 manager analysts, has given itself three years to raise 1 billion euros“, Specifies the newspaper which was presented in preview this project of”action fund dedicated to the theme of education“. This must invest in some sixty listed companies, including the Californian Coursera, which offers online university training, and the Australian IDP, which offers student internships, or even companies from other sectors carrying projects of vocational training for their employees.
«Over the next thirty years, the number of students in initial training is expected to rise to nearly 2 billion, a flow dominated by the growth of the middle classes in emerging countries.“, Wants to believe Frédéric Ponchon, associate manager of Sycomore, quoted by the JDD. His counterpart Luca Fasan provides for his part “the entry on the global stock exchange, in the next twelve to eighteen months, of around twenty unicorns (start-ups valued at more than a billion dollars) in education.»
A market still dominated by China
Driven by the pandemic, operations in the EdTech (education technology) sector are booming. Before Covid-19, the market potential was estimated at 325 billion dollars by 2025. Now, estimates are around 400 to 500 billion, including 50 to 90 billion attributed to the timeliness of the crisis. The market is largely dominated by China, which has made education a major stake in its development, but Europe intends to take advantage of the recent adoption of new, more personalized and more immersive learning tools to catch up on its lag in the field. school and university education.
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