University of Utah Approves Private Equity Partnership for Athletics Programs

By Andrew P. Rocks and James Dlugos, of Morgan Lewis (https://www.morganlewis.com/) On December 9, the Board of Trustees of the University of Utah (Utah) unanimously approved a transformative partnership with New York-based private equity firm Otro Capital (Otro) expected to generate upwards of $500 million in capital for the university (consisting of the committed infusion from Otro and committed capital from donors). The agreement marks the first time a major university athletic departme