Investors’ Circle Members move $1M in 1 Month
Following Investors’ Circle’s Spring Venture Fair, IC members made a record-breaking $1MM in investments in the last month! IC is proud to announce investments in the following companies: California...
View ArticleStill Time to Ask Your Senators to Weigh In on Tax Reform and Support the...
Earlier this month, Senators Max Baucus (D-MT) and Orrin Hatch (R-UT), the Chairman and Ranking Member of the Senate Finance Committee, wrote to their Senate colleagues asking for comments and feedback...
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CDVCA Takes General Partner Role in $45M New York State Fund
CDVCA serves as the General Partner for New York State’s “Innovate NY Fund, L.P.,†an economic development Fund of Funds, consisting of limited partnership investments into eight New York...
View ArticleBridges Ventures Announces Final Close of Bridges Sustainable Growth Fund III
CDVCA member fund Bridges Venture has successfully completed final close of the Bridges Sustainable Growth Fund III. The fund closed at £125M, surpassing its original target of £100m, and is two-thirds...
View ArticleImpact Investment Advocates Ring The Closing Bell At The NYSE
Representatives and guests from the U.S. National Advisory Board to the Global Task Force on Social Impact Investment rang the Closing Bell at the New York Stock Exchange (NYSE) today to raise...
View ArticleTransform Finance Investor Network Launches with Pledge of $556M at...
Washington DC, June 25, 2014 Transform Finance Investor Network Launches With Pledge of $556 million “Transformative” Investments at White House Event A group of leading private...
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CDFI Fund Appropriations Update
This week, the House Appropriations Committee approved the FY ’15 Financial Services and General Government (FSGG) Appropriations bill. The Committee’s bill includes $230 million for the CDFI Fund –...
View ArticleOCC’s Outlook Live Webinar on Interagency Questions and Answers Regarding...
Staff members from the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies)...
View ArticleCDVCA endorsement of SSBCI bill
CDVCA supports the ‘Small Business Access to Capital Act of 2014’ bill for its potential to stimulate job creation across the states by making available much needed capital to small businesses and...
View ArticleCDFI Fund Opens CY 2014 Round of New Markets Tax Credit Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2014 round of...
View ArticleSmartPak acquired by Henry Schein, Inc.
Coastal Ventures’ portfolio company, SmartPak, saw a successful exit through acquisition by Henry Schein, Inc. (NASDAQ: HSIC), the world’s largest provider of health care products and services to...
View ArticleBill Gates Invests in Indian Impact Venture Capital Fund
Bill Gates has made an investment in Unitus Seed, an impact investment fund that focuses on Indian social enterprises, taking for the first the equity route to help drive social and economic change in...
View ArticleCDVCA Member Portfolio Co. Tops SBA’s 2014 Lender’s Awards
NewBank, a portfolio investment of East Coast Capital Holdings, a CDVCA member investment fund, received the FY 2014 Pinnacle Award by the Small Business Administration for making the most ’7a/504′...
View ArticleOptoro Raises $50 Million Series C Led by Kleiner Perkins Caufield & Byers
Optoro Inc., a cloud-based technology company that enables retailers and manufacturers to increase their revenue from returned and excess inventory, today announced that it has closed a $50 million...
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CDFI Fund Programs Received $230.5 million in Appropriations
CDFI Fund programs received $230.5 million in appropriations as President Obama signed into law the FY 2015 Omnibus spending bill. The CDFI Fund programs appropriation has $152.4 million set aside for...
View ArticleNMTC Gets One Year Extension with $2.5 B in Annual Credit
New Markets Tax Credits (NMTC) gets one year extension with $3.5 billion in annual credit authority provided for 2014 as a part of the one-year retroactive tax extender bill. The NMTC had expired at...
View ArticleDarren Walker is the New Chair of National Advisory Board on Impact Investing
Today the U.S. National Advisory Board on Impact Investing (NAB) named Darren Walker, President of the Ford Foundation, as the new Chair, joining the leadership team that includes Matt Bannick,...
View ArticlePresident’s 2016 Budget Requests $233.5 mn for CDFI FUND
President’s 2016 Budget Requests $233.5 million for Treasury’s CDFI Fund. This funding would extend the CDFI Fund’s efforts to spur economic development and job growth in underserved communities. The...
View ArticleBill Introduced to Permanently Extend NMTC
Three members of the House Ways and Means Committee, including Congressmen Pat Tiberi (R-OH), Tom Reed (R-NY) and Richard Neal (D-MA), introduced a bill to permanently extend the New Markets Tax Credit...
View ArticleFY 16 CDFI Appropriations Update
The pace has begun to pick up on Fiscal Year (FY) 2016 Appropriations. On April 22nd, the House Appropriations Committee approved the 302 (b) allocations for the 12 appropriations subcommittees. For...
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