Community Development Venture Capital Alliance

Murex Investments, Inc.
4700 Wissahickon, Suite 126, Philadelphia, PA 19144
Telephone: (215) 951-0300
Fax: (215) 849-7360
Website: www.rhd.org
Email: jacob@rhd.org

Key Personnel: Robert Fishman, Founder and Chairman; Executive Director

Established: 1998

Total Committed Capital: $5.2 million

Amount Invested: $2.16 million in 7 companies.

Geographic Focus: the region around Philadelphia including parts of Pennsylvania, Delaware, and New Jersey.

Background
Murex Investments (MI) is a community development venture fund targeting low-income communities. The fund is a US Treasury-certified Community Development Financial Institution (CDFI) established in 1998 as a wholly owned subsidiary of Resources for Human Development, Inc., (RHD), a $90MM diversified nonprofit organization headquartered in Philadelphia. MI's first fund of $5.2MM is invested in seven companies in low-income areas and has created/retained over 250 jobs. Murex Investments is a "double bottom line" investor: it measures fund performance based on financial AND social returns to our stakeholders. Murex Investments' key differentiator is its operating model: an integrated system of control and accountability for each portfolio company.

Social Mission
The Fund seeks to create jobs and wealth for low-income people, targeting businesses that provide benefits and living wages.

Investment Information
MI makes investments in a region around Philadelphia including parts of Pennsylvania and New Jersey. The Fund seeks investments in the manufacturing sector and avoids businesses that would create low-wage retail jobs. MI typically invests between $50,000 and $500,000. Murex prefers to invest in businesses in early and later stages, rather than the seed stage. The Fund has co-invested in the past and looks to further co-invest in the future.