CRF in the news
October 21, 2015
October 21, 2015 - Minneapolis, MN Community Reinvestment Fund, USA (CRF) has been selected for the ImpactAssets 50 2015 (IA 50), a free, publically available online resource for impact investors and their advisors. The IA 50, now in its fifth year, is the first publically available database of private debt and equity impact investment fund managers.
"Our mission has always been about increasing the scale of impact investing by acting as a bridge between Main Street and Wall Street," said Frank Altman, CRF President and CEO. "We are pleased to be recognized for our efforts and will continue to develop innovative finance vehicles suitable for placement in portfolios."
CRF has worked with our partners to create measurable impact by investing more than $1.8 billion in communities across the country to support job creating small businesses, increase affordable housing, and build schools and community facilities. Our impact includes:
- 73,000 jobs created and retained
- 18,800 affordable housing units
- More than 800 communities strengthened
- 502,000 served at community facilities
- 614,000 lives improved
The ImpactAssets 50 is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact. Fund managers included in the IA 50 2015 manage a combined $13.6 billion in assets devoted to creating measurable, positive impact.
The IA 50 selection committee is chaired by ImpactAssets' Chief Impact Strategist, Jed Emerson, and includes experts from The CAPROCK Group, Toniic, UBS and Blue Haven Initiative.
The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is a not a replacement for due diligence. In order to be considered for the IA 50 2015, fund managers needed to have at least $10 million in assets under management, more than 3 years of experience as a firm with impact investing, documented social and/or environmental impact and accept investments from the US. Click here for additional details on the selection process.
Community Reinvestment Fund, USA (CRF), a non-profit organization and certified Community Development Financial Institution (CDFI), is a national leader in bringing capital to underserved areas. Founded in 1988, CRF has injected more than $1.8 billion into low-income and economically disadvantaged communities around the country to help stimulate job creation and economic development, provide affordable housing, and support community facilities. CRF is headquartered in Minneapolis, MN. For more information, visit www.crfusa.com
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments that deliver financial, social, and environmental returns. ImpactAssets' donor advised fund ("The Giving Fund"), impact investment notes, and field building initiatives enable philanthropists, other asset owners, and their wealth advisors to advance social or environmental change through investment.
Posted by: CRFUSA