Nonprofit or community organization
Last modified: December 18, 2014, 1:02 AM
The Community Development Venture Capital Alliance (CDVCA) is the association of community development venture capital (CDVC) funds. CDVC funds make venture capital equity investments underinvested areas in rapidly growing businesses, seeking double bottom line financial and social returns. With over $2 billion under management and more than 70 funds active or in formation, the CDVC industry has grown substantially since CDVCA's founding in 1993. CDVCA advocates for the industry in Washington, performs industry research, provides training and networking opportunities, helps develop standards and best practices, provides consulting services, and manages a fund that makes investments in CDVC funds and direct equity investments in businesses.