Educational Testing Service

Educational Testing Service

Educational Testing Service was established in 1947 by the American Council on Education, the Carnegie Foundation for the Advancement of Teaching, and the College Entrance Examination Board. It functions as both a test developer and an asset owner with a disclosed AUM of 1329 million USD. The firm pursues co-investments, buyouts, secondaries, and early-stage commitments. Confirmed holdings include full ownership of PSI Services LLC, Edusoft Ltd., Vericant, Pipplet, and Wheebox, plus limited partner stakes in ApplyBoard, MPOWER Financing, UpGrad, CollegeDekho, Degreed, and Class Technologies. Activity spans the United States, Canada, Israel, India, China, and France. The organization maintains a philanthropic arm focused on education equity in the United States. It owns the Princeton headquarters campus and Chauncey Conference Center. No dated operational events from the last 24 months appear in available records. ETS Capital executes direct investments and limited partner commitments alongside external managers rather than operating as a traditional grant-making foundation.