Demetric Duckett joined Living Cities in July 2016 as Associate Director of Capital Innovation. He is a thought-leader in the domestic impact investing field, accelerating the adoption of innovative financing for the benefit of low-income people and the communities in which they live. He also supports Living Cities’ programmatic priorities, including the Integration Initiative and Blended Catalyst Fund.
Demetric oversees two-$40 million structured debt funds: the Catalyst Fund, which is fully deployed, and the Blended Catalyst Fund, which is still in deployment through the end of 2020. As Managing Director for Capital for the New Majority, Demetric spearheads Living Cities’ research along the capital innovation continuum and leads the vision for our third investment vehicle.
Prior to joining Living Cities, Demetric was Senior Vice President of Business Innovation and Resource Development for TruFund Financial Services, a CDFI based in New York City. At TruFund, he directed national business growth strategy, developed and oversaw strategic partnerships, and elaborated new lending programs and product opportunities.
Prior to TruFund, he was Vice President for Capital Access Programs at Carver Federal Savings Bank in Harlem where he developed industry-leading M/W/BE capital access programs, Vice President of Community Development at Bank of America where he worked closely with nonprofit and government entities to promote economic and community development in underserved neighborhoods in Manhattan and Brooklyn, and Vice President and Global Relationship Manager in the Multinational Lending Division at BankBoston where he managed a $2 billion global credit portfolio spanning 16 countries. He began his finance career as a Senior Credit Analyst at PNCBank in Pittsburgh, PA.