This episode of the Strategic Finance Lab podcast shines a light on the Mission Driven Bank Fund—a private investment fund that invests in banks that provide credit and financial services to lower-wealth communities, rural communities, and communities of color across the United States. Its goal is to help close the racial wealth gap.
In the episode, NeuGroup's Andy Podolsky speaks to Paul Welch, portfolio manager of the fund and Head of Private Equity at Elizabeth Park Capital Management—a minority-owned firm that specializes in investing in U.S. Banks. They are joined by Eric Heisner, a Director of Strategy at Calvert Impact and a relationship manager for the fund. Calvert oversees technical services offered to the banks as well as impact management and measurement for the fund.
Note: This podcast is intended for informational purposes only and should not be used as the basis for an investment decision. The Fund discussed in this episode is a 506(c) private placement offering that is available only to accredited investors, and may only be sold in jurisdictions where it is legally permissible. Please be aware that any forward-looking statements made during this podcast are based on current expectations and assumptions and are subject to change. Please refer to the complete offering documents for full details, including risk factors, disclosures, eligibility requirements, and other important information.
