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Contents

A Look Inside…

Investing for Social Equity

Strategic Investments in CDVC Funds

Financing a Small Business: Ryla Teleservices

KHIC: An Experienced Fund Sponsor

Small Business Investment Companies

Rural Business Investment Companies: Designed to Promote Small Rural Enterprises

NMVC: Helping Equity Flow into Distressed Communities

Wells Fargo: Investing with a Passion

CDVC Due Diligence Checklist

More about CDVC

This Just In…OCC’s Districts Report on New Investment Opportunities for Banks

 

Investment Resources for Part 24 Authority

Part 24 Resources on the Web

Common Part 24 Questions

CD Investment Precedent Letters

Investments in National/Regional Funds

Fourth Quarter 2006
Part 24 Investments

Regulation and CD-1 Form

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OCC's Community Affairs Department

(202) 874-5556

CommunityAffairs
@occ.treas.gov

Articles by non-OCC authors represent their own views and are not necessarily the views of the OCC.

 

A Look Inside...

In this issue of Community Developments Investments, we explore community development venture capital (CDVC) funds, a relatively new investment option that might have a place in your bank’s future. As Kerwin Tesdell, president of the Community Development Venture Capital Alliance explains in his overview of the industry, CDVC funds provide equity financing to growing businesses in underserved communities, as well as market-rate financial returns for their investors. Often these investments receive positive consideration in a bank’s Community Reinvestment Act (CRA) examination.

Also in this issue, Wells Fargo Vice President and Team Leader Lee Winslett highlights how his bank evaluates the risks and reward of investing in CDVC funds and shares the story of his bank’s investments funds in California, New Mexico, and Montana. We learn how community development venture fund managers earn competitive returns while pursing a second set of social bottom line objectives in Ray Moncrief’s article on running a 30-year-old CDVC that invests in rural Appalachia. Mr. Moncrief is the chief operating officer for Kentucky Highlands Investment Corporation. Finally, to help you evaluate the investment methods and their potential risks, Fred Mendez, director of community reinvestment at Silicon Valley Bank, shares 10 tips for vetting a CDVC investment.

Full story...

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E-mail CommunityAffairs@occ.treas.gov to receive a hard copy of Community Developments Investments.

Features
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A photo of a woman using an Innov-X Systems’ handheld elemental analyzer to sort through recycled metal parts.
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These two women are using an electronic device.
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A photo of two employees at Jeremiah's Pick (JP), a gourmet coffee roaster, examine freshly roasted coffee beans.