AUGUST 3, 2023 (Arlington, VA/San Diego,CA) – The Momentus Capital branded family of organizations announced today that Aeris — a leading expert in the financial and impact performance of community development financial institutions (CDFIs) and other private impact loan funds — has recognized it with strong ratings in the areas of impact management, financial strength and performance, and contribution to public policy.Read More
- 1 Aeris Issues Strong Ratings for the Momentus Capital Branded Family of Organizations
- 2 Cleveland Moves to Level the Playing Field for Historically Excluded Real Estate Developers of Color
- 3 Capital Impact Partners, with Transformational Funding from The Morningstar Foundation, Awards $430,000 to Support Small Food Businesses and Nonprofit Organizations’ Cold Storage Needs in the Washington, D.C. Region
- 4 Former Prosperity Now President and CEO Gary Cunningham Named New Chair of the Boards of Directors for Capital Impact Partners and CDC Small Business Finance
- 5 Institutional Capital for Social Impact: New Investment Bank Focused on Bringing Capital to Disinvested Communities
Cleveland Moves to Level the Playing Field for Historically Excluded Real Estate Developers of Color
New program is being launched to increase diversity in Cleveland’s real estate industry and is expected to, in turn, uplift communities of color
July 19, 2023 (Cleveland) –– Entrepreneurs of color trying to develop real estate in Cleveland now have access to an innovative new program aimed at eliminating barriers to success and providing them with the tools they need to shape the future of the city’s communities.
Applications open today to register through August 6th for the Cleveland Equitable Development Initiative, which is designed to seed, mentor, support and create more opportunities for emerging real estate developers of color, particularly as they develop projects in the very communities they are from.
Capital Impact Partners, with Transformational Funding from The Morningstar Foundation, Awards $430,000 to Support Small Food Businesses and Nonprofit Organizations’ Cold Storage Needs in the Washington, D.C. Region
Twelve grantees were awarded funds to support a variety of cold storage-related needs, from refrigerated vans to refrigerators in corner stores.
July 19, 2023 (Washington, D.C.) - Capital Impact Partners is pleased to announce the grantees for the inaugural round of Keeping it Cool, a new grant initiative conceived and supported by The Morningstar Foundation. Keeping it Cool is designed to close the cold storage gap in the region, furthering access to healthy, nutritious foods across Washington, D.C. and the surrounding jurisdictions including Arlington, VA; Alexandria, VA, Fairfax County, VA; Montgomery County, MD; and Prince George's County, MD. With so many small food businesses and nonprofit organizations working with and distributing perishable foods, cold storage is a critical component of offering, serving and distributing healthy food in the region.
Former Prosperity Now President and CEO Gary Cunningham Named New Chair of the Boards of Directors for Capital Impact Partners and CDC Small Business Finance
July 10, 2023 (Arlington, VA/San Diego, CA) – Capital Impact Partners and CDC Small Business Finance have announced that Gary Cunningham, the former president and CEO of Prosperity Now, has been named the new chair of the boards of directors for the two mission-driven lenders, effective June 13, 2023.
The previous chair, Kurt Chilcott, who also was the longtime president and CEO of CDC Small Business Finance, will now serve as vice chair of both boards.
Capital Impact Partners and CDC Small Business Finance operate under a combined mission and vision as part of the Momentus Capital branded family of organizations, which also includes Momentus Direct Capital, Momentus Securities, and Ventures Lending Technologies, among other organizations.
Institutional Capital for Social Impact: New Investment Bank Focused on Bringing Capital to Disinvested Communities
Momentus Securities aims to deliver more than $3 billion in community-based investments by 2026
May 22, 2023 (New York, NY) – Momentus Securities has launched with the goal of driving institutional capital to America’s small businesses and nonprofits — and positioning “social impact” as a fully investable asset class for institutional investors.
Momentus Securities — a registered broker-dealer and FINRA member — seeks to disrupt the mission-driven investing space by addressing the current scale and liquidity limitations in the sector that inhibit the deployment of institutional capital. Momentus Securities intends to facilitate the deployment of $3 billion of social capital by 2026.
“This is an innovative approach. We are transforming how institutional investment capital is unlocked and channeled into high-need community investments,” said Momentus Securities President and CEO Alicia Reyes, who brings 27 years of experience in investment banking and private equity to Momentus Securities. “The lending market in the impact sector is decentralized and highly dispersed. This is a challenge for institutional investors that want to fully incorporate the ‘S of ESG’ into their mainstream strategies because of the lack of liquidity.
“We see this as an opportunity to launch ‘social Collateralized Loan Obligations’ and, initially, intend to open warehousing lines to aggregate portfolios of loans across five key segments: affordable housing, healthcare, education, small businesses and food. Once ramped up, the portfolios will be securitized, and we will distribute the bonds as a takeout. These portfolios will offer institutional investors the opportunity to support communities and participate and invest at a scale not previously available. Lenders will achieve better terms while providing investors an improved risk return profile,” Ms. Reyes added.