Author: CDVCA

DC Community Ventures Provides Quasi-Equity Loan to JRINK

DC Community Ventures Provides Quasi-Equity Loan to JRINK

DC Community Ventures (DCCV), a member CDVC fund based in Washington DC, announced that it has provided $400,000 in revenue-based financing to support the growth of JRINK. JRINK is a leading cold pressed drink company offering a wide selection of healthy drinks to the nation’s capital region.  JRINK will use the capital for additional locations, technology investment…

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Senate Appropriations Committee Passes Financial Services and General Government Bill

Senate Appropriations Committee Passes Financial Services and General Government Bill

Yesterday, (July 23, 2015) the Senate Appropriations Committee reported out a Fiscal Year 2016 spending bill for Financial Services and General Government which included appropriations for the Treasury Department and the CDFI Fund. The Committee’s reported bill included a level of $221 million for the CDFI Fund–an amount $9.5 million below the FY 2015 level and $12.5 below…

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Call Your Senator on Appropriations for the CDFI Fund

Call Your Senator on Appropriations for the CDFI Fund

The Senate Appropriations Subcommittee on Financial Services and General Government today approved a FY2016 funding measure that prioritizes national programs to enforce U.S. laws, spur small business growth and maintain a fair and efficient judicial system. Subcommittee approval of the FY2016 Financial Services and General Government Appropriations Bill clears it for committee consideration on Thursday. Majority Press…

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Register now for FINAL CDVC Fund Training in Kansas City, MO

Register now for FINAL CDVC Fund Training in Kansas City, MO

Register now for the CDFI Fund’s Expanding CDFI Coverage in Underserved Areas Capacity Building Initiative workshop in Kansas City, MO. The first workshop in June in Baltimore was a resounding success.  This will be a great opportunity to learn about and receive training and assistance in forming and operating a Community Development Venture Capital (CDVC) fund. …

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Bridges Ventures receives top grade from UN PRI

Bridges Ventures receives top grade from UN PRI

Member CDVC fund Bridges Ventures has been awarded the highest rating of A+ for its overall approach to responsible investment and its ESG practices in private equity. The PRI’s annual assessment process plays an important role in promoting best practice and transparency around ESG issues. Read more >>

Success of Three Early UK Social Impact Bonds

Success of Three Early UK Social Impact Bonds

Three early UK social impact bonds have been successful in paying back investors ahead of schedule. Two of the three SIBs, Career Connect and Teens & Toddlers, were backed by member CDVC fund Bridges Ventures and have been recommissioned for a second round. Andrew Levitt, investment director at Bridges Ventures and a board member for the…

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Senate Approves Tax Extenders Legislation

Senate Approves Tax Extenders Legislation

The Senate Finance Committee approved on July 21, 2015 a tax extender package.  The bill includes an amendment by Senator Cardin to increase NMTC credit authority to $3.94 billion for 2015 and 2016. The cost of the amendment is $230 million over the 10 year scoring period.  From 2008 to 2015, inflation reduced the Credit by…

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NY Times: The Good Jobs Strategy

NY Times: The Good Jobs Strategy

New York Times Op-Ed Columnist Joe Nocera writes about the interest in the good jobs strategy in an op-ed piece released yesterday. Excerpt: At the Aspen Ideas Festival — an annual summer gabfest that presents all sorts of interesting ideas, from the improbable to the important — one of the big themes this year was jobs. How will America…

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VIDEO: Bridges Ventures Portfolio Companies

VIDEO: Bridges Ventures Portfolio Companies

CDVCA member fund Bridges Ventures has released a few short films of four of their portfolio companies: The Gym Group (Sustainable Growth Fund II) WholeBake (Sustainable Growth Fund III) Edmund Street (Bridges Sustainable Property Fund) The Old Vinyl Factory (Bridges Property Alternatives Fund III)

Cambridge Associates and GIIN Launch the Impact Investing Benchmark

Cambridge Associates and GIIN Launch the Impact Investing Benchmark

Cambridge Associates, a global investment firm, in partnership with the Global Impact Investing Network, introduced a report containing findings from the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. Despite a perception that impact investing means concessionary returns, the Impact Investing Benchmark has exhibited strong…

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