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Agassi’s School Partner Aims for $1 Billion With New Firm

Bobby Turner, who runs a school-construction fund with tennis champion Andre Agassi, has started a new firm seeking to raise as much as $1 billion for charter schools, workforce housing and health-care facilities.

Turner Impact Capital, based in Santa Monica, California, plans to raise three initiatives of about $250 million to $350 million each, Turner said. They will be used to buy and redevelop facilities in urban areas with low-cost real estate and high demand for affordable housing, health and education services, said Turner, who in 2011 formed the $210.7 million charter-school fund with Agassi, now part of the new firm.