Category: Industry News

Merrill Lynch Launches New Impact Portfolio

Merrill Lynch Launches New Impact Portfolio

Merrill Lynch has announced that it is launching a multi-asset class portfolio aimed at clients interested in impact investing. The portfolios seek to deliver market-rate returns as well as social rewards. “Clients are telling us they want their portfolios to reflect their values and help improve the world they live in. As their enthusiasm grows,…

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CDFI Fund to Hold National Listening Tour on a Community Development Finance “Framework for the Future”

CDFI Fund to Hold National Listening Tour on a Community Development Finance “Framework for the Future”

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. The CDFI Fund is particularly interested in hearing input on the following: Program Effectiveness: Are the CDFI Fund’s programs working optimally for communities? …

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Findings from the 5th Annual GIIN and J.P. Morgan Impact Investor Survey

Findings from the 5th Annual GIIN and J.P. Morgan Impact Investor Survey

The Global Impact Investing Network (GIIN) and J.P. Morgan have published the 5th edition of Eyes on the Horizon, their annual impact investor survey. Participants include a few of CDVCA’s member funds: Bridges Ventures, CEI Ventures, Inc., Pacific Community Ventures, and SJF Ventures. Notable findings from the report: Impact Investing is a growing sector. “One…

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EIF Expands Support for Innovative European Companies

EIF Expands Support for Innovative European Companies

During the First Innovative Enterprise Week in Riga, Latvia, the European Investment Bank (EIB) Group and the European Commission (EC) launched three new financial products to increase the competitiveness of innovative European companies under the initiative “InnovFin – EU Finance for Innovators”. Of these three financial products is the InnovFin SME Venture Capital, launched by…

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CDFI Fund Opens CY 2014 Round of New Markets Tax Credit Program

CDFI Fund Opens CY 2014 Round of New Markets Tax Credit Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2014 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $5 billion in tax credit allocation authority available for the CY 2014 round,…

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CDFI Fund Appropriations Update

CDFI Fund Appropriations Update

The House Appropriations Committee approved the FY ’15 Financial Services and General Government (FSGG) Appropriations bill. The Committee’s bill includes $230 million for the CDFI Fund – an increase of $4 million over current year funding and $5.1 million over the President’s budget request.

Transform
 Finance
 Investor
 Network
 Launches
 with Pledge of $556M at
 White
 House 
Event



Transform
 Finance
 Investor
 Network
 Launches
 with Pledge of $556M at
 White
 House 
Event




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Washington
 DC,
 June 
25, 
2014 Transform
 Finance
 Investor
 Network
 Launches
 With
 Pledge
 of
 $556 million “Transformative”
 Investments 
at
 White 
House
Event A
 group 
of 
leading
 private
 sector 
investors,
 at
 a 
high‐level 
roundtable
 on 
impact
 investing 
convened
 by
 the
 White
House,
  has
pledged
 $556
 million 
to
 a
 range 
of
 social
 investments
 using 
a
 novel
 investment
 approach
 centered 
on 
social…

Impact Investment Advocates Ring The Closing Bell At The NYSE

Impact Investment Advocates Ring The Closing Bell At The NYSE

Representatives and guests from the U.S. National Advisory Board to the Global Task Force on Social Impact Investment rang the Closing Bell at the New York Stock Exchange (NYSE) today to raise awareness about the role of public and private innovation and entrepreneurship in solving our greatest social and environmental challenges. “Our society faces challenges…

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Bridges Ventures Announces Final Close of Bridges Sustainable Growth Fund III

Bridges Ventures Announces Final Close of Bridges Sustainable Growth Fund III

CDVCA member fund Bridges Venture has successfully completed final close of the Bridges Sustainable Growth Fund III. The fund closed at £125M, surpassing its original target of £100m, and is two-thirds larger than their second £75m fund raised in 2007. The fund will continue Bridges Ventures’ focus on the provision of growth capital to small…

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CDVCA Takes General Partner Role in $45M New York State Fund

CDVCA Takes General Partner Role in $45M New York State Fund

CDVCA serves as the General Partner for New York State’s “Innovate NY Fund, L.P.,” an economic development Fund of Funds, consisting of limited partnership investments into eight New York State-focused, early-stage venture funds.   The $45 million fund is a seed stage business equity fund to support innovation, job creation, and high growth entrepreneurship throughout the state.…

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