Impact in Action

Investment Spotlight: Invest Appalachia Fund LLC

MacArthur Foundation invested in the Invest Appalachia Fund LLC (“IAF” or the “Fund”). The Fund’s objective is to finance businesses, intermediaries, and real estate projects that have the potential to significantly benefit underserved populations/communities and to advance key sectors and community infrastructure within Central Appalachia in partnership with existing financial intermediaries. The Fund will primarily make loans to and alongside Community Development Financial Intermediaries (CDFIs) and other mission-driven community lenders, and will pursue commitments that prioritize economically distressed, low-to-moderate income, and coal impacted communities. Robert Wood Johnson Foundation, a key initial investor, was also deeply involved in the design and creation of the Fund structure.
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