National Community Investment Fund
PE/Buy-Out · Chicago (United States)
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About
National Community Investment Fund is a venture capital and private equity firm specializing in seed, equity, and debt investments in development-oriented banks, thrifts, and credit unions. The firm invests primarily in banks that increase access to financial products and services in underserved communities. The firm prefers to invest in low-income communities by investing equity in local financial institutions. The firm works with socially responsible, mainstream, and philanthropic investors to co-invest capital. The firm makes deposits in selected institutions, including smaller credit unions and minority-owned banks that are not presently in need of equity capital; and it selectively makes seed fund loans, extends debt to banks, and provides secondary capital to low-income credit unions. It invests in banks that are be located in urban, rural or Native American markets. The firm typically invests equity or debt between $0.25 million and $2 million. It provides seed fund loans of up to $0.25 million to assist existing or start-up banking institutions. National Community Investment Fund was founded in December 1995 and is based in Chicago, Illinois.
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