BusinessWire: West Potomac Capital Announces Financials Impact Fund and Deposit Placement Strategy Focused on Financial Inclusion and Economic Opportunity
July 27, 2023
West Potomac Capital LLC (WPC), a minority-owned alternative asset management firm headquartered in the Washington, DC, plans to launch a social impact private credit investment fund, WPC Financials Impact Fund I LP (Fund) in the second half of 2023. The Fund will target a fundraise of US$250 million and aims to invest directly in, and alongside: Minority Depository Institutions (MDIs); Women-Owned Depository Institutions (WDIs); US Department of the Treasury certified Community Development Financial Institutions (CDFIs); and Low-Income Designated Credit Unions (LICUs). O’Melveny & Myers LLP is serving as lead private fund counsel.
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