Erica Hoeveler

The Sustainable Investing Challenge: Meet the Winning Team; See the Plan

David Chen, Ashwin Halgeri, Erica Hoeveler, Chris Shaw, Christopher Krebs, Kunal Aggarwal

The Kellogg Morgan Stanley Sustainable Investments Challenge awarded the EduIndia Fund to a team from the University of Chicago's Kellogg School of Management for creating an $11 million private debt fund targeting low-fee schools in Uttar Pradesh, India. The proposed model addresses a $3.1 billion capital gap by providing expansion financing with a 1:1 match structure and tuition insurance, aiming to serve 8,000 new students while generating a 7% real annual return. This win continues the program's seven-year legacy of engaging graduate students from 60 global schools to develop scalable financial solutions for critical societal issues.