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Resources created and curated to support the growth of impact investing, for those new to the field and for experienced practitioners.

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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers
The ImpactAssets 50 (IA 50) is the first open-source, publicly published database of experienced private debt and equity impact investment fund managers.
https://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

IA 50 2021 PROFILE

Enterprise Community
Partners, Inc.

Total Assets Under Management: $1B or more
Asset Class: Private Debt - Absolute Return / Notes, Real Estate, Private Equity
Primary UN Sustainable Development Goal: 1 – No Poverty
Clean Technology, Alternative Energy & Climate Change
Affordable Housing & Community Development
Diversity, Equity and Inclusion

Firm Overview

Category: Private Equity - Other

Our Vision: A country where home and community are stepping stones to more. 

Who We Are: Enterprise is the only national nonprofit that addresses America’s affordable housing crisis from every angle, combining 40 years of experience, thousands of partners and the expertise of over 1,100 employees nationwide. 

What We Do: We develop and deploy programs and support community organizations on the ground. We advocate for nonpartisan policy at every level of government. We invest capital to build and preserve rental homes people can afford. And we own and operate 13,000 affordable homes and provide resident services for 22,000 people. All so that people not only make rent, they build futures. Our Mission To make home and community places of pride, power and belonging, and platforms for resilience and upward mobility for all.

Firm Headquarters: US & Canada
Years of Operation: 10 years or more
Total Assets Under Management:
$1B or more
Total Number of Investors: More than 25
% of Capital from Top 3 Investors: Less than 25%
Investment Thesis:

Your capital is on a mission at Enterprise, where investments are shaped by our deep knowledge of the communities where we work, made transparent through our data collection and measurement capacity, and brought to scale through our policy platform at the federal, state and local levels.

Investment Overview:

Enterprise believes that every dollar should be invested in a way that levers exponential impact. Our “Beyond Investing” strategy is enabled by the way we are structured – connecting finance, policy, impact measurement, and local experts under one roof.  Our investments are informed by the work we do on-the-ground alongside local stakeholders and governments. Once investments are made and assets are operational, our Knowledge, Impact & Strategies team rigorously tracks the outcomes. We use the qualitative and quantitative data captured to inform our investment strategy and provide impact insights to our investors. We elevate data gathered from successful investments to share best practices and lessons learned so these models are replicated throughout the nation. Further, our Public Policy team advocates at the federal and local levels for policies and programs that are proven to work.  

Company Differentiator:

We are not the only financial intermediary offering financial products to overlooked communities, we are not the only policy shop to represent the voice of LMI residents, we are not the only organization with boots on the ground in communities developing tailored solutions, and we are not the only data team measuring social returns on investments, but we are one of the only organizations doing it all under a single umbrella – across the country. The impact of your investment is multiplied as a result of this suite of capabilities. 

Investment Example

Centennial Place (CP), in Atlanta, Georgia, was the first HOPE VI project in the nation. Built on the original site of Techwood Homes, the first public housing community in the nation, CP’s four-phase development resulted in the creation of 738 homes for families with annual incomes ranging from a few thousand dollars to $140,000. The larger Centennial Place development combined mixed-income housing with an early childhood development center (Sheltering Arms), a K-8 Charter school (Centennial Academy) and a community center (Arthur M. Blank Family Youth YMCA), successfully revitalizing the neighborhood and improving outcomes for dozens of lower-income children in one of America’s least equitable cities. With each component of the Centennial Place community still in operation, CP is a national model for mixed-income urban revitalization.  

Leadership and Team

Cumulative Leadership Experience in Investing:
30 years or more
Cumulative Impact Experience of Top Three Firm Leaders:
30 years or more
Priscilla Almodovar – CEO, Enterprise Community Partners More Info

Priscilla Almodovar is the president and chief executive officer of Enterprise Community Partners, Inc., a national nonprofit on a mission to make home and community places of pride, power and belonging, and platforms for resilience and upward mobility for all. Priscilla joins Enterprise from JPMorgan Chase, where, as a managing director, she led two national real estate businesses for their commercial bank, one in commercial real estate and the other in community development. In these roles, she led teams of real estate professionals responsible for partnering with for-profit and nonprofit entities, local and state governments and other organizations to finance projects across the country.

Charlie Werhane – CEO, Enterprise Community Investment More Info

Charlie is president of Enterprise Community Investment, Inc. and the Capital Division for Enterprise Community Partners, Inc. In 2009, he was appointed president and chief executive officer of Enterprise Community Investment, Inc., after serving as vice chairman and chief operating officer of the company since 2005. Bringing 40 years of professional real estate, commercial banking, and tax credit industry experience to his career at Enterprise, Charlie oversees Enterprise Housing Credit Investments, Conventional Equity, Bellwether Enterprise, Enterprise Community Loan Fund, New Market Tax Credits, and Opportunity Zones.

Lori Chatman – SVP, Enterprise Community Investment and President, Enterprise Community Lo More Info

Lori joined Enterprise in November 2004 with more than 15 years of community development experience. Prior to her current position, she was the senior vice president and chief credit officer of the Enterprise Community Loan Fund, Enterprise’s U.S. Treasury-certified Community Development Financial Institution (CDFI). Before joining Enterprise, Lori was the director of lending for the Calvert Social Investment Foundation (now Calvert Impact Capital), where she managed their portfolio of loans to CDFIs, community development corporations, community service organizations and international microfinance institutions. Lori was also responsible for delivering a broad menu of portfolio and asset management services under contractual arrangements with a host of institutional investors, including administering several portfolios of loans funded by these investors.

Percentage of Investment Professionals who identify as women:
25% to less than 50%
Percentage of Investment Professionals who identify as a person of color:*
Less than 25%
Percentage of Senior Management Team who identify as women:
50% or more
Percentage of Senior Management Team who identify as a person of color:*
50% or more
*People of color include: Black, Latinx, Asian, Native American/Alaskan Native, Pacific Islander, Middle Easterm and multi-racial Americans

Financial Performance

Target Financial Returns Relative to Benchmark:
Market Rates
Actual Performance Relative to Target Financial Returns in the Past Three Years:
In line with initial target returns
Financial Reporting Frequency to Investors or Donors
Quarterly

Impact Performance

Percentage of Total Assets Under
Management that are Impact Investments:
50% – 74%
Primary Impact Outcomes:
Addressing climate change and environmental issues
Alleviating poverty
Providing housing
Addressing Racial Inequality
Secondary Impact Outcomes:
Creating jobs
Increasing access to education and improving educational outcomes
Increasing access to financial services
Increasing access to healthcare services and improving health
Addressing Gender Inequality
Value-added Services Offered:
Access to markets
Business and legal training
Financial literacy training

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:

Impact is a fundamental driver of our investments and a primary lens through which we conduct due diligence. 

Investments systematically include social and environmental sustainability practices in the due diligence process:

We consider, for example, racial equity within the leadership composition of our partners (investees), and in certain cases prioritize racially diverse (e.g. BIPOC-led) investees.

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes – to the public
Third Party Validations:
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing

Learn More

Key Contact Name: Rob Bachmann
Phone: 212-284-7136
Mailing Address:

11000 Broken Land Parkway, Suite 700, Columbia, MD 21044 USA

Apply for the IA 50 2022

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