Community Development Venture Capital Alliance

Bridges Ventures closed its Bridges Property Alternatives Fund III with £212m in equity commitments, above its £200m target. The fund will invest in low-income communities in the UK.

Modern Mill, Inc., based in Fernwood, MS, manufactures ACRE, a wood alternative made from rice husks and other additives. The company provides manufacturing jobs in a low-income community.

ICA Fund exited its investment in Onigilly, a Japanese comfort food chain specializing in onigiri. Onigilly will continue its growth through a strategic partnership with a major restaurant group.

CDVCA offers volunteer opportunities ranging from smaller tasks to substantial assignments, and aims to provide volunteers with meaningful experiences and an introduction to the industry.

CDVCA provides ways to support its community development mission through membership, donations, and volunteer work.

CDVCA’s Board of Directors is composed of leading practitioners and outside experts in the community development venture capital industry all of whom operate funds focused on low-income communities and populations.

Kerwin Tesdell is president of the Community Development Venture Capital Alliance (CDVCA), which promotes venture capital to support jobs, wealth, and entrepreneurial capacity in low-income people and distressed communities.

The Community Development Venture Capital Alliance (CDVCA) is a network for community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking financial returns and the creation of jobs, wealth, and entrepreneurial capacity.

Community Development Venture Capital Alliance

The Community Development Venture Capital Alliance (CDVCA) is a network for the community development venture capital (CDVC) industry. CDVC funds provide equity capital to businesses in low-income communities to create jobs, wealth, and entrepreneurial capacity.