UNC Chapel Hill's Chancellor's Firm Booms

0:00It's April 21st. Welcome to Durham News Today, powered by AI. UNC Chapel Hills Chancellor Lee Roberts runs Sharp Blue Capital, a private equity firm that's blown up since he started the job in early 20-24. Puppet filing show it added nearly $150 million in assets under management, hitting 465 million total now. Up 31% in the last year alone. The biggest jumps came from their credit funds 2 and 3, which invest in small businesses through debt and equity. Credit fund 3 pulled in 17 new investors and $100 million just last year, while fund 2 grew by $13 million since it, launched in 2021. Roberts owns between 50 and 75% of Sharp Blue and gets dividends, but UNC says he's hands off from daily ops, just the passive owner. Listed on filings for transparency, they stress Sharp Blue has zero ties or investments with the university or state. Meanwhile, NC State is slashing 1,700 to 2,000 parking spots over the next 5 to 10 years

1:06to build new facilities and revamped the Colosseum deck. They're also axing Wolfline Bus Route 52, which served Gorman Street and Oven Ferry Road. Students are pushing back on that bus cut since it was packed during peaks, but NC State points to go Raleigh's expanded routes filling the gap. Getting up resources for Core Campus Service. This all signals big shifts in how these schools handle growth and daily life.