Tens of thousands of small and middle market companies in the U.S. are owned by Baby Boomers at or near retirement age. With no succession plan or exit strategy, and no prospects of a ‘liquidity event’ from a sale, the vast majority will simply hold an asset sale and lock the doors,.
The risk for millions of employees and their families who rely on those companies is real and growing, especially in economically depressed areas that offer few opportunities to replace lost income.
BUT: This actually provides an enormous opportunity for wealth creation for those employees by including them as owners in their companies’ acquisitions.
We channel financial and human capital to acquire Opportunity Zone businesses at fair market value and transfer wealth-creating ownership to those companies’ employees and certified Minority- and/or Women Owned Business Enterprises.
New ownership by Employee Stock Ownership Plans (ESOPs ) or Co-Ops provide the structure for broad-based participation in wealth creation, while (MBEs/WBEs) provide significant market opportunities for sustainable growth.
We leverage existing resources available via Program Related Investing and Unrealized Capital Gains to unlock and deploy private capital for qualifying enterprises.
We are a Low Profit Limited Liability Company (L3C) and self-directed Opportunity Zone Fund, channeling resources from:
Private and Corporate investors with unrealized capital gains,
Private foundations subject to the 5% annual contribution requirement that make Program Related Investments (PRIs), and
Impact Investors focused on Socially Responsible Investments (SRI) and Environmental, Social and Governance (ESG).
Specifically, we marshal resources to identify those companies located in Opportunity Zones and facilitate their sale to certified minority- and women-owned enterprises and ESOPs/Workers’ Co-ops.
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