BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”), the largest impact-focused Opportunity Zone fund manager nationally1, released its 2021 Arctaris Impact Report: Resilience, Recovery, Revitalization. Arctaris made nine new investments and supported existing portfolio companies to weather the COVID-19 storm, expanding economic, social, and environmental impact in underserved communities. The impact report showcases Arctaris Impact’s commitment to creating and retaining living-wage jobs, racial equity, expanding access to critical products and services such as affordable broadband internet, healthy food, and housing, promoting diversity and inclusion, and advancing renewable energy projects and businesses.
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Arctaris Impact Investors Completes Additional Growth Equity Investment in Up To Date Laundry, Sustaining Quality Jobs in Baltimore
BALTIMORE & BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”) is pleased to announce a follow-on growth equity investment in Up To Date Laundry (“UTD”). One of the largest healthcare laundry facilities on the East Coast, UTD provides laundry services to healthcare providers across the mid-Atlantic, including University of Maryland Medical System, Johns Hopkins, and Einstein Medical Center. The investment in UTD is part of the Arctaris Baltimore Program, a $25 million commitment to invest in Baltimore’s underserved neighborhoods, created in partnership with The Abell Foundation and Neighborhood Impact Investment Fund (NIIF) and with support from Erie Insurance (ERIE) through its investment in the Arctaris Opportunity Zone Funds.
Arctaris Impact Awarded $30M of New Markets Tax Credit Allocation by U.S. Treasury’s CDFI Fund for Diversity and Impact Investments
BOSTON–(BUSINESS WIRE)–Arctaris Impact CDE, LLC was awarded $30M of New Markets Tax Credit Allocation (NMTC) by U.S. Treasury’s Community Development Financial Institution Fund to deploy capital into economically distressed communities and businesses. Arctaris will use its NMTC allocation to make flexible loans to minority-owned or controlled companies and other borrowers across real estate or operating businesses in the country.
Arctaris Announces Bank of America as Investor in New $25M Regional Opportunity Zone Program Focused on Diversity, Equity, Inclusion, and Community Revitalization
BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”) is pleased to announce a recent investment from Bank of America (“BofA”) into the Arctaris Opportunity Zone Fund 2022. The investment will help spur a new Arctaris place-based investment program focused on the greater Hartford area with emphasis on diversity, equity, inclusion, and community revitalization.
Arctaris Announces Hiring of Alan Halfenger, formerly of Bain Capital, as General Counsel & Chief Compliance Officer
Boston, MA, July 13, 2021 – Arctaris Impact Investors, LLC (“Arctaris”) and its affiliate management companies announce the addition of Alan Halfenger as General Counsel & Chief Compliance Officer. Mr. Halfenger brings nearly three decades of legal and compliance experience where he served as Global Chief Compliance Officer at Bain Capital, LP, and in leadership roles at both ACA Compliance and Treliant.
Arctaris Announces Opportunity Zone Investment to Develop a Vibrant City Center and Culinary Arts District in Erie, PA, One of the Poorest Zip Codes in America
Erie, PA, June 29, 2021 — Arctaris and local partners fund a grocery store in a food desert, food hall and residential units that will revitalize downtown Erie and generate jobs for women, minorities and refugees.
In conversation with: Arctaris Impact Investors’ Jonathan Tower
Boston, MA, June 4, 2021 Investment Monitor interviews Jonathan Tower, Founder and Managing Partner at Arctaris Impact Investors, where he talks about how the fund is targeting ‘opportunity zones’ in the US to help it ‘build back better.’
Arctaris Publishes 2020 Impact Report
Boston, MA, April 12, 2021 Since 2009, Arctaris has launched and successfully managed six impact investment funds, focusing on high-quality opportunities in underserved U.S. communities. Read about the numerous investments we’ve made in businesses that have added employment and economic value to underserved communities.