Crossroads Impact Corp., the parent company of Community Development Financial Institution (CDFI) and Capital Plus Financial, has announced the expansion of its strategic relationship with Enhanced Capital Group LLC (ECG), the impact investment solution of P10, Inc., and a new strategic investment from Conversant Capital.
Investment funds managed by P10 and managed by Conversant are investing a combined $180 million of equity capital in Crossroads. This expanded relationship will increase the scope of capital deployment. Specifically, Crossroads plans to increase its capital allocation to ECG's core verticals of climate finance, impact real estate, and small business lending to underserved businesses.
Crossroads believes it is well positioned to pursue its ample pipeline of ECG impact loans, which is already approaching $500 million. Moreover, the additional scale will better position Crossroads to explore an up-listing onto a national exchange, where the company beli