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Fund Profile:
CL Fund
1920 Gulf Tower, 707 Grant Street
Pittsburgh, PA 15219
Telephone: (412) 201-2450
Fax: (412) 201-2451
Website: www.clfund.com
Email: info@clfund.com
Key Personnel:
Mark Peterson, Executive Director
Established: 1990
Total Committed Capital: $23 million for various purposes
Amount Invested: $9.3 million in total; $2.9 million in debt with equity features; $2.7 million committed to early-stage companies
Geographic Focus: Southwestern Pennsylvania
Background
CL Fund provides capital to businesses in Southwestern Pennsylvania. Begun in 1990 as a housing and social service lender, CLF continued to respond to the market by adding small business lending in 1994. A portion of this lending is "venture lending."
Social Mission
To increase employment and expand economic opportunity in Southwestern Pennsylvania.
Investment Information
The Fund invests in Southwestern Pennsylvania. It focuses on advanced or technology manufacturing, applied software, precision instruments, information technology and specialty services, and typically makes investments of up to $500,000. For its venture lending the fund requires equity co-investors.
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