Community Development Venture Capital Alliance

Pacific Community Ventures
(PCV Investment Partners I and II)
539 Bryant Street, Suite 302, San Francisco, CA 94107
Telephone: (415) 442-4300
Fax: (415) 442-4313
Website: www.pacificcommunityventures.org
Email: info@pcvmail.org

Key Personnel
Penelope Douglas, President
Eduardo Rallo, Chief Operating Officer and Director of Portfolio Management
Jacob Singer, Director of Portfolio Management

Established: 1999 (Partners I); 2002 (Partners II)

Total Committed Capital: $6.25 million (Partners I); $12 million, with a goal of $25 million by the final closing in 2003 (Partners II)

Amount Invested: $2.97 million (Partners I); $1.85 million (Partners II)

Geographic Focus: California (with a Bay Area focus)

Background
PCV Investment Partners I and II, managed by Pacific Community Ventures, develop and invest in businesses providing economic gains to low-income communities throughout California with a focus on the Bay Area. The Funds makes equity investments in select businesses in order to attract and channel institutional investment money into private companies that provide good jobs with marketable skills, benefits, wealth creation vehicles (e.g. stock option and profit sharing plans) and job training in low income California communities. In all of its investments, PCV Investment Partners seeks double bottom line returns, meaning both financial return (measured in terms of IRR) and social return (measured primarily in terms of the number and quality and jobs provided to low-income individuals).

Social Mission
PCV helps companies in traditionally overlooked areas gain access to capital, business advice, and critical business resources that will accelerate company growth. These businesses must employ (at the time of investment) 10 to 100 residents of low-income communities in jobs that pay living wages and provide a combination of health benefits, skill development, and access to wealth-creation vehicles (such as company stock options.

Investment Information
The Funds invest between $250,000 and $1 million in mid to later-stage businesses that are located in and/or hiring from low-income communities throughout California. These businesses must have $5 million - $30 million in annual revenue, with at least two years of operating history and demonstrated success in the marketplace. Additionally, these businesses employ 10 to 100 residents of low-income communities in jobs that pay living wages (an average wage of $10.25/hour in the Bay Area, but adjustable by geography throughout California) and provide a combination of health benefits, skill development, and access to wealth-creation vehicles. These businesses must also have the potential to hire more residents of low-income communities as these businesses grow.