Broadstreet Impact Services Chosen as Fund Administrator
Allivate Impact Capital has made a strategic decision to partner with Broadstreet Impact Services for their new initiative, the Allivate Employee Ownership Fund. This fund is tailored specifically for business owners who are preparing for succession while aiming to build long-term wealth and stability for their employees.
Broadstreet’s Role in the Impact Fund
Recognized as a leader in fund administration for impact fund managers, Broadstreet offers institutional-quality infrastructure. Their services are designed to support initiatives that focus on generating positive social, environmental, and economic outcomes across the nation. This partnership is set to enhance the fund's capabilities significantly.
Support for American Communities
Chris Rakers, managing director at Broadstreet, expressed the company’s commitment to addressing substantial challenges within American communities. He highlighted the persistent wealth gap that prevents countless owners and employees from fully capitalizing on the value of their contributions. This partnership with Allivate is a strong step toward their shared mission.
Empowering Employee Ownership
The Allivate Employee Ownership Fund provides essential subordinated debt to facilitate transitions into employee ownership. This is critical for preserving jobs and fostering local economic resilience. The fund supports business owners who are retiring or wish to take a step back from daily operations, ensuring their legacies are entrusted to a capable management team and employees committed to the business’s long-term success.
A Strong Alliance for Capital Solutions
Noelle St. Clair Lentz, CEO of Allivate Impact Capital, lauded Broadstreet’s alignment with Allivate’s goals. She noted that Broadstreet’s fund administration expertise is crucial in scaling the Employee Ownership Fund effectively. This role is vital in achieving operational excellence and empowering employees while ensuring financial liquidity and preserving business legacies.
Building Strong Communities Together
Allivate stands among a select group of partners with Broadstreet, all of whom are focused on nurturing strong, healthy communities. Together, they aim to expand economic opportunities for residents and enhance the quality of life through innovative funding solutions.
Broadstreet’s Commitment to Impact
Broadstreet is a prominent player in the impact finance sector, offering comprehensive fund administration, management, and advisory services. Their commitment extends to collaborating with values-driven investors and fund managers to maximize social, environmental, and economic impact nationally. With assets exceeding $2.4 billion under management, Broadstreet aims to merge financial performance with meaningful societal benefits.
About Allivate Impact Capital
Allivate Impact Capital is dedicated to impact investing while focusing on delivering attractive risk-adjusted returns. The firm employs innovative capital solutions to uplift communities, alleviate poverty, and enhance entrepreneurial ventures. Operating under the umbrella of Woodforest Financial Group, Allivate utilizes a globally recognized Community Development Team to fulfill its mission.
Frequently Asked Questions
What is the role of Broadstreet in the Allivate Employee Ownership Fund?
Broadstreet acts as the fund administrator, providing essential support and infrastructure to facilitate the fund's operations and its goals of employee ownership.
How does the Allivate Employee Ownership Fund benefit businesses?
The fund offers subordinated debt to support business owners transitioning toward employee ownership, helping to maintain jobs and stimulate local economies.
What values align Broadstreet with Allivate Impact Capital?
Both organizations emphasize creating positive social impacts and promoting long-term economic stability and individual wealth for employees and business proprietors.
What community goals does Allivate Impact Capital aim to achieve?
Allivate seeks to alleviate poverty and enhance community well-being through innovative investment strategies that stimulate economic development.
How long has Broadstreet been providing these services?
Broadstreet has over 20 years of experience in the impact finance sector, building a strong base of clients and partners focused on creating lasting community benefits.
