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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…
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…
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…
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…
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…
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…
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…
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…
The Ewing Marion Kauffman Foundation shared a finding that a main source of equity financing for new firms is VCs. The finding reports that venture-backed companies have faster employee growth, greater sales, and faster sales growth. These companies also professionalize…
Bridges Ventures, which manages several community development venture capital funds that are members of CDVCA, has closed on a real estate investment fund, Bridges Property Alternatives Fund III, with equity commitments of £212m – ahead of its original £200m target.…