News Coverage

Ellis Carr on Momentus Capital’s growing toolkit for financing social determinants of health

“We’re trying to create what we believe to be the next generation mission-driven financial services organization that puts purpose ahead of profit,” Ellis Carr, who heads both Capital Impact Partners and CDC Small Business Finance, tells ImpactAlpha in a Q&A. “We want to prove that we can be a connector between communities and the broader capital markets in a way that’s all built around underestimated people.”

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For second straight year, Ellis Carr named to Washington Business Journal’s Power 100 list

“The nation’s capital is a magnet for power,” wrote the Washington Business Journal’s editor, in introducing the list. “But look beyond the corridors of Congress and the White House: Some of the most powerful business leaders in the country are based in Greater Washington.” Mr. Carr, the President and CEO of Capital Impact Partners and CDC Small Business Finance, was one of 20 business leaders featured in the “Innovators” section.

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Platform will make small-business loans more widely available in underserved U.S. communities

Momentus Securities, an investment bank with a social purpose, and RBC Global Asset Management announced the launch of a separately managed account impact investment initiative designed to make it easier to invest in pools of government-guaranteed small-business loans made to owners operating in underserved communities.

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New training program launches for emerging real estate developers in Atlanta

“Our development program is open to developers from Atlanta who have a verifiable history of working or doing projects in the city — because what we’re really trying to do is increase the housing supply by increasing the number of housing developers,” said Tommy Lester, Manager of Atlanta Initiatives for Capital Impact Partners.

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Deal reached to rehabilitate 48 affordable co-op homes, increase Harlem homeownership

Capital Impact Partners was among those providing funding to help buildings be substantially rehabilitated under the Affordable Neighborhood Cooperative Program, which selects qualified developers to rehabilitate distressed New York City-owned and occupied multifamily properties, to create affordable cooperatives for households living with low- and moderate incomes.

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Momentus Capital closes $171 million Equitable Prosperity Fund

The Equitable Prosperity Fund seeks to accelerate growth and increase social impact in underserved communities, offering a non-traditional approach to investment that prioritizes both the entrepreneur and the community. The fund’s investments will focus on growth-stage companies that are driving positive changes in their communities, such as improving access to healthcare, providing healthy foods, and employee ownership.

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$52K in grant funding to help feed Northern Virginia’s food insecure

Capital Impact Partners and Morningstar Foundation awarded $700,000 in grants to 22 food businesses and nonprofits, including $52,000 for three businesses in Arlington, Virginia, to support their efforts in providing healthy food to food-insecure families in their communities.

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Momentus Capital branded family of organizations named one of the best places to work

Capital Impact Partners and CDC Small Business Finance, both part of the Momentus Capital branded family of organizations, were collectively named the #3 large nonprofit to work for, and #17 overall, by The NonProfit Times, the leading publication for nonprofit managers. “We strive to promote an inclusive culture where employees are motivated to perform at their best, are excited by the work they do, support the customers and communities we serve, and have a sense of belonging,” said Kim Dorsett, Chief Human Resources Officer for the Momentus Capital branded family of organizations.

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Melissa Stallings of Capital Impact Partners wins Washington Business Journal Award

Stallings oversees signature programs that support small business owners and real estate developers across D.C., Maryland, and Virginia. She was one of 25 outstanding business and nonprofit leaders recognized by the Washington Business Journal.

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