Coastal Ventures V, LP
Overview
| Size |
$1.75 Million |
|---|---|
| Client & Transactional Partners |
Coastal Ventures |
Summary
Coastal Ventures V, LP is an equity fund that aggregated $25 million in investments for the express purpose of investing in companies that are committed to providing good jobs for their employees while also generating a positive environmental and social impact in small cities and rural areas in the Northeast.
KeyBank provided a $1.75 million investment into the equity fund for Coastal Ventures, which is the third time KeyBank collaborated with the Coastal group of companies. The two previous investments were both successfully deployed and repaid to KeyBank as agreed. The fund is wholly-owned by Coastal Enterprises, Inc., a Community Development Financial Institution and Community Development Corporation CDFI. The CDFI is the fund’s General Partner, and is a pioneer in the area of impact investing.
