Community Development Venture Capital Alliance

Inner City Fund Partners, LLC (Chicago Community Ventures)
Address: 700 North Sacramento Boulevard, Suite 130, Chicago, IL 60612
Telephone: (773) 822-0320
Fax: (773) 822 0308
Website: www.chiventures.org
Email: info@chiventures.org

Key Personnel:
Stephen Maduli-Williams, Exec. Director, Chicago Community Ventures
Lauren G. Robinson, Director Business Advisory Services
Ashwin Srinivisan, Portfolio Manager
Margaret Unetich

Established: 2001

Total Committed Capital: $1 million with goal of additional $30 million by year end 2003

Amount Invested: $0, but the fund is actively searching for investment opportunities

Geographic Focus:
Low income communities in Chicago and Minority and Women Owned businesses throughout Chicagoland.

Background
Inner City Fund Partners is a product of Chicago Community Ventures, a not-for-profit business development organization that provides financing, consulting, and technology services to businesses located in various government targeted areas for redevelopment including Chicago’s empowerment zones, enterprise communities, enterprise zones and renewal communities; businesses located in low or moderate income communities in IL; and MBEs and WBEs in IL and beyond.

Social Mission
Chicago Community Ventures and Inner City Fund Partners strive to transform companies and communities. The Fund seeks a "double bottom line" of social and financial gains. The Fund focuses on creation, wealth retention within the community, and the quality of the working environment.

Investment Information
Typical investments range from $250,000 to $2,500,000 and are made in the form of equity, convertible debt, or debt with royalty payments. The Fund does not focus on a particular industry or stage of business development. The Fund's post-investment role varies in intensity, depending on the company's need, but the Fund is always interested in partnership that provides management with support to help build sustainable economic and social value.