This report summarizes Living Cities Blended Catalyst Fund’s (BCF) activities during its sixth year of operations, from July 1, 2020, through June 30, 2021 (FY21).
During this fiscal year, the BCF Team fully committed the Fund as of March 31, 2021 reaching 26 investments totaling $33.5MM. The latter half of the BCF investments have been aligned with the iterated investment thesis we articulated in 2018, which was to focus on closing racial wealth gaps, and specifically to lend to organizations and intermediaries that are:
Additionally, the Living Cities Catalyst Funds were named to the ImpactAssets 50 (IA50), an impact investing showcase featuring fund managers that deliver social, environmental, and financial returns, for the tenth consecutive year in February 2021. The IA50 is the first open-source, publicly published database of exceptional impact investing fund managers. Living Cities has been included in the IA50 every year since IA50’s inception.