Mission Driven Finance® is proud to partner with CCM Strategic Solutions LLC (a non-advisory affiliate of Community Capital Management, LLC) to launch a joint venture called Bold Line Capital, a capital call lending facility for impact and emerging fund managers.
Why is a line of credit needed for impact and emerging managers?
As Mission Driven Finance® CEO David Lynn explained in ImpactAlpha, “We need more good emerging managers that are focused on improving people and planet to be able to scale to Fund Two, Fund Three, and Fund Four. And this is one of the tools they need in their toolbox.”
Andy Kaufman, CCM’s chief investment officer, added, “They’re moving faster and quicker because they’re new and they’re innovative. Yet they’re not getting the tools they need to ultimately become as successful as we’d hope.”
CCM’s co-chief impact strategist, David Sand: “As mainstream venture, private equity, and private debt sectors continue to grow, impact and emerging funds often face barriers in accessing financial services from traditional banks. Capital call credit facilities can serve as an important resource, helping these funds to remain competitive. Bold Line was created to help level the playing field and provide equitable access to capital.”
