| Program-Related Investments |
| Adena Ventures, L.P. | $350,000 |
Athens, OH
Limited partnership interest in a community development venture capital fund to promote economic development in central Appalachia. $350,000 10-year limited partnership interest approved in 2000. | |
| Meritus Ventures L.P. | $500,000 |
London, KY
Limited partnership interest in a Rural Business Investment Company to promote economic development in distressed rural communities in the Appalachian Region. $500,000 10-year limited partnership interest approved in 2005. | |
| Northwest Louisiana Community Development Fund I, LLC | $500,000 |
Beverly Hills, CA
Membership interest in a private equity real estate fund targeting mixed-use development in low-income communities in a 10-parish area of northwestern Louisiana. $500,000 9-year membership interest approved in 2007. | |
| Pacific Community Ventures Investment Partners III, LLC | $500,000 |
San Francisco, CA
Membership interest in private equity fund to invest in companies that employ low-income people and that are located in disadvantaged communities in California. $500,000 15-year membership interest approved in 2007. | |
| Penn Venture Partners, L.P. | $250,000 |
Harrisburg, PA
Limited partnership interest in a community development venture capital fund to promote economic development in northern and central Pennsylvania. $250,000 10-year limited partnership interest approved in 2002. | |
| Self-Help Ventures Fund | $1,000,000 |
Durham, NC
Senior loan to finance small business and community facility loans to low-wealth communities in North Carolina. $1,000,000 8-year senior loan approved in 2003. | |
| SJF Ventures II, L.P. | $500,000 |
Durham, NC
Limited partnership interest in a community development venture capital fund investing in growing businesses in the eastern United States. $500,000 10-year limited partnership interest approved in 2004. | |
| The Southern Appalachian Fund, L.P. | $400,000 |
London, KY
Limited partnership interest in a community development venture capital fund to promote economic development in southern Appalachia. $400,000 10-year limited partnership interest approved in 2002.
| |
| Fixed Income Securities |
The F.B. Heron Foundation invests in fixed-income securities managed by Community Capital Management and RBC Global Asset Management consisting of targeted mortgage backed securities, taxable municipal bonds and privately placed notes that further the Foundation's programmatic goals in low- and moderate-income communities.
|
| Market-Rate Private Equity |
| Bay Area Equity Fund I, L.P. | $1,000,000 |
San Francisco, CA
Commitment to a private equity fund to make investments primarily in mid-to-late stage growth companies located in, or willing to locate in or near, one of 46 designated low- and moderate-income neighborhoods in the nine-county Bay Area of Northern California. | |
| Huntington Capital Fund II, L.P. | $2,000,000 |
San Diego, CA
Private equity fund targeting small and mid-size companies in the Southwestern United States with emphasis on companies in low and moderate-income areas and companies employing individuals residing in such areas. | |
| ICV Partners, L.P. | $2,500,000 |
New York, NY
Commitment to a private equity fund established principally to invest in small- and middle-market companies that serve, operate in, hire from, or seek to expand into America's inner cities. | |
| Yucaipa Corporate Initiatives Fund I, L.P. | $2,500,000 |
Los Angeles, CA
Commitment to a private equity fund established to invest in corporate partnerships that relocate to or expand their operations in underserved rural and urban communities throughout the United States. | |
| Yucaipa Corporate Initiatives Fund II, L.P. | $5,000,000 |
Los Angeles, CA
Commitment to a private equity fund established to invest in corporate partnerships that relocate to or expand their operations in underserved rural and urban communities throughout the United States. | |
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