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Living Cities Announces Capital Investment in Mission Driven Finance To Increase Access to Growth Capital and Support For Social Impact Small Businesses and Nonprofits
With the investment in Mission Driven Finance, Living Cities Blended Catalyst Fund (BCF) will help close capital gaps to close opportunity gaps
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NEW YORK, March 2, 2021 /PRNewswire/ Today, Living Cities Blended Catalyst Fund (BCF) announces a $2 million commitment to Advance, a regional, inclusive place-based fund managed by impact investment firm Mission Driven Finance.
The San Diego-based firm, co-founded by David Lynn and Lauren Grattan, works to close capital gaps in order to close opportunity gaps. Mission Driven Finance s place-based strategies invest in small businesses, social enterprises, and nonprofits that deliver critical services, create paths to quality jobs, and lead inclusive economic development.
Living Cities Announces Capital Investment in Jacmel Growth Partners to Help Scale Lower Middle Market Businesses While Benefiting Employees and Communities
- Investment in Jacmel Growth Partners will advance Living Cities Blended Catalyst Fund s commitment to closing racial income and wealth gaps in U.S cities and further extend its support of fund managers of color
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NEW YORK, Dec. 17, 2020 /PRNewswire/ Today, Living Cities Blended Catalyst Fund ( BCF ), announced a capital investment in Jacmel Growth Partners ( Jacmel ), a growth private equity firm targeting family-operated, lower middle market companies, whose investment approach combines traditional private equity best practices with low-cost, high-impact strategies to address ESG issues. Since inception, Jacmel has deployed $45 million of capital into five companies across two platforms, delivering robust shareholder returns while also implementing a range of inclu