In October, RBC’s U.S. Municipal Finance group sponsored the inaugural Public-Private Partnership (P3) Higher Education Summit in San Diego, California. This two-day conference brought together influential decision-makers from around the country as part of a growing dialogue around the use of P3 in the American higher education sector.
Michael Baird, Managing Director at RBC Capital Markets, seated in the center as he shares his insights during a panel discussion
Michael Baird, Managing Director overseeing RBC’s privatized higher education practice, led a discussion entitled “Debt, Equity and Everything in Between” which focused on P3 models that have been successfully used by colleges and universities, particularly in student housing.
In recent years, privatized university housing has emerged as an important alternative by which higher education institutions use P3 financing to build new student housing capacity. Since 2010, over 64,000 new beds on more than 100 different campuses across the country have been financed, built and are being maintained by the private sector.
Why has P3 for privatized, on-campus university housing been successful? Read our column published earlier this year to learn more – Privatized University Housing: An American P3 Success Story.
Michael Baird was joined at the summit by Sara Russell, Director at RBC Capital Markets and his colleague in our privatized higher education practice. Michael and Sara used their time in San Diego to highlight RBC’s investment and commitment to our clients and the American higher education sector.