Overview

• The fund is backed by Velocity Capital Management and the Texas Permanent School Fund, providing a half-billion dollars for long-term athletic projects.
• Investments are structured as debt rather than equity, ensuring Elevate holds no ownership stake in participating athletic departments.
• Penn State and UCLA are the inaugural partners, tapping into Elevate’s existing network of roughly 60–70 university clients.
• Elevate has already closed two eight-figure deals with Power Four schools and is in talks with several other athletic departments.
• The initiative responds to the House v. NCAA settlement and evolving NIL policies by funding facility upgrades and commercial ventures.