On December 15, 2016, Living Cities closed the newly created Blended Catalyst Fund with $28.9 million in commitments ($15.0 million seniors, $9.4 million juniors, and $4.5 million grants). On July 22, 2016 we closed an additional $2.0 million in the junior tranche with the John D. And Catherine T. MacArthur Foundation, making the Blended Catalyst Fund a $30.9 million fund.
Key developments of fiscal year 2016, from December 2015 through June 2016, include:
- New Investments: Living Cities closed three investments – a $500 thousand loan to Denver PFS LLC, a $2.0 million investment in Impact Ventures III and a $500 thousand investment in the Urban Innovation Fund.
- The $500,000 loan to the Denver PFS LLC is part of an $8.6 million structure that will go toward
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