Community Development Venture Capital Alliance

The Barred Rock Fund
Address: 324 Browns Trace, Jericho, VT 05465
Telephone: (802) 899-2776
Fax: (802) 899-5266
Website: none
Email: clacy@together.net

Key Personnel: Chuck Lacy, President

Established: 2000

Total Committed Capital: $5 million

Amount Invested: The fund is about 25% in equity investments, 25% in debt investments, 25% in loans to Community Loan Funds and 25% in cash

Geographic Focus: any state

Background
The Fund works in close collaboration with Hot Fudge Ventures, Inc. and has expertise in the food industry.

Social Mission
The Fund aims to create jobs and wealth for low-income people by growing businesses that offer a living wage and good benefits.

Investment Information
The Fund will consider investments around the country and is particularly interested in food and other branded consumer products sold through natural food stores and supermarkets. The Fund also has an interest in clothing. It has a strong interest in fair traded goods from developing countries. It has no interest in technology. Investments include equity, convertible debt, and short-term debt between $50,000 and $500,000. The Barred Rock Fund prefers expansion stage investments over start-ups. The Fund has made co-investments with other CDVC funds, traditional VC funds, and angel investors.