The Community Development Venture Capital Alliance (CDVCA) is the network for the field of community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns, as well as the creation of good jobs, wealth, and entrepreneurial capacity.
CDVCA is working on many fronts to build and strengthen the CDVC field. It promotes the field by combining advocacy, education, communications, and best-practice dissemination through conferences and workshops. CDVCA makes its expertise available to CDVC funds by providing consulting services and technical assistance.
CDVCA also manages its own investment vehicle, the Central Fund. The Fund specializes in identifying areas with untapped market potential, investing in rapidly growing businesses across diverse industries.
CDVCA was formed in 1993 and incorporated as a not-for-profit in 1995. The organization began when representatives of several community development venture capital (CDVC) funds met to discuss issues of common concern and share experiences and solutions to common problems. Realizing that they had been “reinventing the wheel” in different corners of the country, these funds established a regular forum in which they could exchange ideas. Since then, CDVCA has grown rapidly, bringing together practitioners at all levels of experience and providing opportunities for them to learn, explore best practices, and gain resources for their work.