Community Development Venture Capital Alliance

new york NY


Community Development Venture Capital Alliance (CDVCA) is a trade association for community development venture capital (CDVC) funds. The organization was incorporated in 1995, and provides training, technical assistance and other resources to CDVC funds. Its mission is to promote the use of the tools of venture capital to create jobs, entrepreneurial capacity, and wealth that advance the livelihood of low-income people and the economies of distressed communities.

CDFI Awards for Community Development Venture Capital Alliance


FA (2005) - $950,000

CDVCA will use the 2005 financial assistance award of $950,000 to expand its investment activities by increasing its deal size and number of investments, particularly co-investments directly into portfolio companies.



CORE (1999) - $3,400,000

The CDFI Fund"s $3,400,000 award ($2,000,000 loan, $1,400,000 capital grant) will help CDVCA to capitalize two new investment products, the Fund of Funds and the Co-investment Fund. The Fund of Funds will provide capital to help individual CDVC funds reach scale, and the Co-investment Fund will provide capital to businesses in conjunction with partner CDVC funds to maximize community impact.



SECA (1998) - $115,000

The grant from the CDFI Fund will be used to conduct research on CDVCA members" capital and technical needs and to research the social impact of Community Development Venture Capital activities. Funds will also be used to build CDVCA"s organizational infrastructure and their five-year strategic planning process.



Other Community Development Financial Institutions in New York





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