Fresno County Employees’ announces $45m impact investing initiative with RBC GAM

The Fresno County (Calif.) Employees’ Retirement Association (FCERA) has announced a partnership with RBC Global Asset Management (RBC GAM) in support of homeownership, affordable rental housing, and small business development in Fresno County.

Through this agreement, FCERA will invest $45 million through RBC GAM’s Access Capital Community Investment Strategy, which will create a portfolio of high-quality fixed-income investments in Fresno County. The funds will support investments in homeownership, affordable rental housing, and small business loans originated by local lenders using a variety of government loan programs.

“This $45 million initiative fulfills our commitment to our active, retired, and beneficiary members while also making a tangible difference locally,” said Nathan Magsig, chairman of FCERA. “This is a real double bottom line, benefiting our pension plan and helping others thrive in the community in which we live at the same time.  We will h