|By PR Newswire||
|October 9, 2013 01:14 PM EDT||
FT. LAUDERDALE, Fla., Oct. 9, 2013 /PRNewswire/ -- Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, announced today its first Clinton Global Initiative America (CGI America) Commitment to Action to invest at least $200 million over the next year in market-rate, fixed income securities that will help revitalize U.S. local communities. Economic activities include affordable housing, job opportunities, neighborhood transformation, and the creation of healthy, safe and viable communities, to name just a few.
"CCM firmly believes that abundant investable opportunities will emerge from CGI America's collaborative and inclusive process," said David Sand, chief investment strategist of Community Capital Management and a participant at this year's CGI America meeting. "CCM is committed to working with CDFI's and other community development intermediaries participating in the CGI America community to reach, if not, surpass its $200 million goal."
CGI America brings together leaders in business, government, and civil society to generate and implement commitments to address economic recovery in the United States. Today's announcement builds upon this theme by using fixed income impact investments to help revitalize our nation's communities and promote an environment for job growth, sustainability, and advancement. Utilizing CCM's proven model, its commitment includes a combination of leveraging new resources, collaborating among CGI America participants, and working with national, regional and local originators and intermediaries to source impact investment opportunities.
To date, CCM has invested over $5.6 billion in community development initiatives on behalf of its clients, generating results that make a powerful impact to helping revitalize our nation's communities.
About Community Capital Management, Inc.
Community Capital Management, Inc. (CCM) is a Fort Lauderdale-based SEC-registered investment adviser that primarily manages fixed income, impact investing portfolios. The firm was founded in 1998 and its fixed income impact investing strategy's primary goal is to provide above-average, risk-adjusted returns while offering added diversification and simultaneously having a positive impact on the community and the environment. CCM manages approximately $2 billion in assets and offers investors its impact investment strategy via a separate account or a mutual fund. For more information, please visit www.ccmfixedincome.com.
Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
About the Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion. CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world, and, this year, CGI Latin America, which will bring together Latin American leaders to identify, harness, and strengthen ways to improve the livelihoods of people in Latin America and around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
SOURCE Community Capital Management, Inc.