Community Development Venture Capital Alliance

Delaware Valley Community Reinvestment Fund Ventures
718 Arch Street, Suite 300 North, Philadelphia, PA 19106-1591
Telephone: (215) 925-1130
Fax: (215) 923-4764
Website: www.trfund.com
Email: ventures@trfund.com

Key Personnel:
Joseph P. Killackey, Managing Director
John T. Freyhof, Managing Director

Established: 1997

Total Committed Capital: $9.6 million

Amount Invested: $5.3 million

Geographic Focus: 21-county region surrounding Philadelphia

Background
Delaware Valley Community Reinvestment Fund Ventures (DVCRF Ventures) is a community development venture capital fund managed by the Reinvestment Fund. It targets existing companies in the 21-county geographic region surrounding Philadelphia run by experienced entrepreneurs who have a demonstrated ability to compete profitably in their markets. DVCRF Ventures seeks to become a trusted and valued outside partner to the entrepreneur, and is committed to helping portfolio companies grow and prosper. DVCRF Ventures will consider both equity and subordinated debt investments. The fund will typically look to exit an investment after five to seven years. DVCRF Ventures has assembled an outstanding team of advisors who are available to provide support, mentoring, and industry knowledge to the management teams of our portfolio companies.

Social Mission
Every DVCRF Ventures investment must create quality employment in the Greater Philadelphia region in accordance with the Reinvestment Fund's mission to alleviate poverty by building assets, wealth and opportunity for low and moderate-income communities and persons. In order to ensure this, each company will sign an Employment and Training Agreement in which it commits to fill applicable job openings with qualified low-income individuals. DVCRF Ventures can provide a link to quality job training and placement programs, thereby helping to overcome one of the key challenges to the growth and success of small businesses -- finding and retaining good employees.

Investment Information
The Fund will look at companies in the Greater Philadelphia region, including eastern Pennsylvania, south and central New Jersey, and the state of Delaware. It will look at companies in a wide range of industries, but is particularly interested in precision manufacturing, outsourcing services and specialty retail firms as well as health services. The Fund will not invest in tobacco, alcohol, gaming, or media related businesses. The Fund avoids companies in the seed stage and focuses on companies in the early and expansion stages that demonstrate the potential for growth and profitability. DVCRF Ventures will consider investments ranging from $250,000 to $1 million and will co-invest for larger financing needs.