• A group of people cut the ribbon at the opening of a project financing by New Markets Tax Credit Allocations
  • Press Releases

    Momentus Capital Closes $171 Million Equitable Prosperity Fund to Drive Positive Social Impact in Underestimated Communities

    One of the largest BIPOC-led impact investing funds, the Equitable Prosperity Fund I, will seek to help accelerate the growth of companies that are creating positive impact in underserved communities.

    MAY 14, 2024 (Arlington, VA/San Diego, CA) – The Momentus Capital branded family of organizations is proud to announce the final closing of its inaugural fund, the Equitable Prosperity Fund I LP (the “Equitable Prosperity Fund” or the “Fund”), one of the largest BIPOC-led impact investing funds, with commitments of $171 million.

    The Fund’s investments are intended to help growth-stage companies create more social impact in their communities, focusing on outcomes such as increasing access to healthcare and healthy foods, while supporting employee ownership and diverse entrepreneurs.

    Through the Equitable Prosperity Fund, the Momentus Capital branded family of organizations will be able to provide opportunities that are rarely available for many entrepreneurs, particularly those who are often underserved and have received a mere fraction of the venture funding available in recent years.

    Read More

    In 2023, Momentus Capital Deployed $531 Million to Help Small Business Owners, Underrepresented Developers, and Disinvested Communities

    The annual report for the Momentus Capital branded family of organizations showcases the deep and durable impact being created in communities nationwide.

    May 6, 2024 (Arlington, VA/San Diego, CA) – The Momentus Capital branded family of organizations — which includes Capital Impact Partners, CDC Small Business Finance and their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies — has released its annual report for the 2023 fiscal year (January 1-December 31, 2023).

    The annual report showcases the many ways that Momentus Capital utilizes financial capital, social capital, and knowledge capital to help entrepreneurs, community leaders, and the communities they serve.

    “Everyone deserves the opportunity to succeed. Our work is focused on helping the entrepreneurs and communities whose access to the opportunities they deserve has been limited,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance.

    Read More

    More Than $700,000 in Grants Awarded to D.C. Area Food Businesses and Nonprofits for Cold Storage Needs

    Now in its second year, “Keeping It Cool” grants provide cold storage support for local small food businesses and nonprofits to improve access to healthy foods

    May 1, 2024 (Washington, D.C.) – More than $700,000 in grants have been awarded to 22 food businesses and nonprofits to help them grow while expanding access to healthy food for disinvested communities in the Washington metro area. These include communities experiencing food apartheid, adults and students living with low incomes, children and families that are unhoused, refugees, and incarcerated youths.

    The “Keeping It Cool” grants, funded by The Morningstar Foundation, provide these businesses and nonprofits with something essential that many might otherwise take for granted — cold storage infrastructure. The grants will go toward refrigerators, freezers, coolers, delivery vehicles, display cases and other upgrades. 

    Read More

    Momentus Capital Recognized as One of the Best Nonprofits to Work For

    In its 2024 rankings, The NonProfit Times selected the Momentus Capital branded family of organizations as the #3 large nonprofit, #17 overall.

    April 15, 2024 (Arlington, VA / San Diego, CA) – The Momentus Capital branded family of organizations has been named one of the best nonprofit employers in the United States, according to The NonProfit Times, the leading publication for nonprofit managers.

    Momentus Capital was ranked as the #3 large-sized nonprofit — which includes organizations with 250 or more employees — and #17 overall for organizations of any size.

    The Momentus Capital branded family of organizations includes several mission-driven organizations that are dedicated to providing people with access to the capital and opportunities they deserve. These organizations include Capital Impact Partners, CDC Small Business Finance, and their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies.

    “It is an honor that The NonProfit Times recognizes the great work we are doing at Momentus Capital. We strive to promote an inclusive culture where employees are motivated to perform at their best, are excited by the work they do, support the customers and communities we serve, and have a sense of belonging,” said Kim Dorsett, Chief Human Resources Officer for the Momentus Capital branded family of organizations.

    Read More

    S&P Global Ratings Issues Second Party Opinion on Capital Impact Partners’ Capital Impact Investment Notes

    S&P Global Ratings’ opinion states that Capital Impact’s Social Bond Framework related to the current offering of $200 million of its Capital Impact Investment Notes is fully aligned with accepted social bond principles and social loan principles released by the ICMA, LMA, LSTA, and APLMA

    April 1, 2024 (Arlington, VA) – Capital Impact Partners, a nonprofit corporation certified by the U.S. Department of Treasury’s Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI), announced that it has secured a second-party opinion, or SPO, from S&P Global Ratings stating that Capital Impact’s Social Bond Framework related to the current offering of $200 million of its Capital Impact Investment Notes is fully aligned with international standards, including the 2023 Social Bond Principles published by the International Capital Market Association (ICMA) and the 2023 Social Loan Principles published collectively by the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).

    Social Bond Principles outline stringent eligibility criteria for social projects that Capital Impact Partners may finance and require that the net proceeds of its Impact Investment Notes offering be used for eligible uses, primarily to fund social projects in the affordable housing, education, health care, and food security sectors, and to projects that advance its social mission. 

    “We are delighted to receive this second-party opinion from S&P Global Ratings,” said Natalie Gunn, Chief Financial Officer of Capital Impact Partners “At Capital Impact Partners, we are committed to providing a continuum of capital to disinvested communities, helping these communities have the chance they deserve to thrive. As such, we are committed to financing social projects benefiting underserved populations and communities.”

    Read More

Press Release Archives