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Fund Profile:
TRF Urban Growth Partners
Cast Iron Building, 718 Arch Street, Suite 300 North
Philadelphia, PA 19106-1591
Telephone: (215) 574-5802
Facsimile: (214) 574-5902
Website: www.urbangrowthpartners.com
Email: ann.barratt@trfund.com
Key Personnel:
Linda DeJure, Managing Director
John T. Freyhof, Managing Director
Established: 2001
Total Committed Capital: $21 million
Amount Invested: not available
Geographic Focus: in or near urban markets in the Mid-Atlantic region including Pennsylvania, New Jersey, Delaware, Maryland, and Washington, D.C.
Background
The Fund is an outgrowth of The Reinvestment Fund (TRF), a leading development finance organization headquartered in Philadelphia, with over $120 million under management. TRF Urban Growth Partners (The Fund) is a socially responsible fund striving to serve as a catalyst for regional economic development by targeting high-growth companies located in the city or surrounding communities.
Social Mission
The fund is driven by a set of core values that encompass channeling capital back to underserved markets, achieving a double-bottom line, and leveraging the capital of other partners. In addition to striving to create jobs and wealth for low and middle-income workers in economically depressed areas, the Fund also aims to invest in businesses controlled by women or minorities.
Investment Information
The Fund invests in in or near urban markets in the Mid-Atlantic region including Pennsylvania, New Jersey, Delaware, Maryland, and Washington, D.C. The Fund is focused on high-growth companies that are beyond the technological, organizational and developmental challenges of start-up and seed stage firms. It is equally important for portfolio companies to support urban job creation and impact the quality of urban life. The Fund typically considers investments in the $2 - 5 million size range where it would be lead investor and would invest from $1 - 4 million. The Fund prefers to co-invest.
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