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A sale could free up $2 billion to $3 billion of capital for Discover, and could attract interest from companies including Navient and SoFi Technologies.
"We’re gonna put a little fuel in your bus," said Smith in his commencement address. Smith founded private equity firm Vista Equity Partners, which invests in enterprise software companies, in 2000.
Over half of Avanse’s international loan portfolio supports students studying in the U.S., where student arrivals from India dropped 46 percent year-over-year in July 2024.
August 22, 2025
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