The mission-driven banking sector comprises over 300 institutions, many of which are small (<$500mm assets) and privately owned with limited access to capital. The Mission Driven Bank Fund partners with banks using financial instruments customized to meet the needs of the banks. Examples of these instruments include equity, debt, deposits, and the purchase of securities.
The Fund plans to align with portfolio companies to help build stronger and more resilient banks by partnering with the banks and providing tailored and subsidized technical services solutions.
The partners have implemented a curated impact management and measurement (IMM) program to track the Fund’s progress toward closing the racial wealth gap.
