Last updated 8 July 2020, by Impactyield.
Throughout business school and a career in banking, Contact Fund founder Mark Reed remained intrigued by his earlier experience in community development. He believed community development organizations provided real opportunity for self-sufficiency with their focus on affordable housing, job training and capital for small businesses. A family business liquidity event in 2005 provided the capital to establish a fund dedicated to NYC community development.
Using his capital as equity and borrowing against it from friends and family, Mark employed traditional credit analysis methods to lend to NYC community development organizations. Use of debt requires a financial discipline that can foster a level of organizational sustainability.
Ultimately, Contact Fund is based on a very straightforward concept: private investors would be willing to invest their capital in local NYC neighborhoods while also receiving a financing return if there was a simple, low risk way to do it. Contact Fund is committed to fostering a community of private investors who share similar values. Read more: http://www.contactfund.com/newinner.cfm?siteid=213&itemcategory=37515&pr…
Incorporation year: 2005
Headquarters location: United States of America
Currency for fund / product figures: USD (US Dollar)
Total firm assets under management: 5000000 USD
Membership and other professional affiliations:
Years top investment professionals have worked together:
Funds managed by this asset manager
Prinicpal, SeaChange Capital