CONTRACTAMENDED

Authority Rescinds Rider University Charter Loan Consent

Division of Administration | State of New Jersey logoDivision of Administration | State of New Jersey
Disclosed value
$15,000,000
From minutes
Document date
Sep 24, 2024

The 30-second brief

What it covers

The Authority rescinded its prior authorization for Rider University to pledge tuition securing a $15 million Charter Asset Management Fund loan. The University instead pursued alternative financing from First Eagle.

Who holds it

Charter Asset Management Fund LP holds this financial services contract with Division of Administration | State of New Jersey. Its other public contracts on record include work for REACH Leadership STEAM Academy District and New Jersey Division of Administration.

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Contract details

Contract type
Financial Services
Amount
$15,000,000
Document date
September 24, 2024
Source document
New Jersey Educational Facilities Authority Minutes Board Meeting 2024-09-24 (Minutes)

Charter Asset Management Fund LP's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Division of Administration | State of New Jersey?

Charter Asset Management Fund LP was awarded this financial services contract by Division of Administration | State of New Jersey, as recorded on September 24, 2024. The contract value is $15,000,000.

How much is the Charter Asset Management Fund LP contract with Division of Administration | State of New Jersey worth?

The Charter Asset Management Fund LP contract with Division of Administration | State of New Jersey is valued at $15,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in New Jersey Educational Facilities Authority Minutes Board Meeting 2024-09-24 (Minutes), dated September 24, 2024 from Division of Administration | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Charter Asset Management Fund LP hold?

Charter Asset Management Fund LP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Division of Administration | State of New Jersey currently buying?

Explore Division of Administration | State of New Jersey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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