CDVCA Central Fund
The CDVCA Central Fund currently has almost $6 million that has been invested in conjunction with our member funds through two types of investments: Fund of Funds investments and Co-investment Fund investments.
Fund of Funds investments are made in CDVCA member funds that have missions of creating high-quality jobs and wealth that improve the lives of low-income people and benefit distressed communities. Co-investment Fund investments, direct equity investments made in partnership with other funds, are made in companies that meet CDVCA’s financial and social criteria and will be made in any industry sector except real estate.
The investments lead to creation of substantial job opportunities for low-income people. Our objective is to ensure that more than half of the jobs created go to people who had low-incomes (less than 80% of area median) before they took the jobs. We also seek other social returns, such as encouraging minority and women ownership, environmentally sustainable businesses, production of products useful to communities, and the promotion of socially responsible business practices.
Click here to view the Central Fund’s current portfolio.