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CDVCA Central Fund Investment Criteria
Social Mission
The Fund aims to invest in businesses, the growth of which will create good jobs and build wealth for low-income people. The portfolio of the Fund is managed to benefit distressed communities and so 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. The Fund also seeks other social returns, such as encouraging minority and women ownership, environmentally sustainable businesses, production of products useful to communities, and promotion of socially responsible business practices.
Other Investment Information
The Fund currently considers investments in North American and in the future may consider investments outside North America. It is available to make 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, as direct equity investments made with other funds, are made in companies that meet CDVCA's financial and social criteria in any industry sector except real estate. Both types of investments have a minimum size of $250,000.
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