Today Community Capital Management's flagship CRA Qualified Investment Fund turns 20 years old. CCM manages around $2.6 billion in assets, and as of July 31, the CRA Qualified Investment Fund, an impact and ESG bond fund, accounts for $2.1 billion of that.

Alyssa Greenspan Community Capital Management President, Chief Operating Officer

"Our team analyzes and researches the use of proceeds for every bond prior to purchase to determine the projects and/or programs financed and what positive impacts result from that investment," stated David Sand, CCM's chief impact strategist.

The team marked the occasion by looking back on the fund's history. They'll host a live impact investing webinar on September 25.

Jamie Horowitz, chief marketing officer of Community Capital Management, tells MFWire that the company wants to thank their clients. "We've invested around $10 billion in community development, all as a result of our clients investing with us, so we're just happy about having their trust over the last 20 years."

A lot has changed in the two decades since CMM first launched their impact bond fund. "When the fund was launched, the terms 'impact' and 'ESG' investing weren't even being used,' Horowitz says.

Alyssa Greenspan, CCM's president and chief operating officer, stated, "Over the past 20 years, the firm has worked closely with its clients to expand its impact customization to include new and relevant impact themes such as disaster recovery, gender lens, sustainable agriculture, and transit-oriented development. It is gratifying to share the impact of our investments with clients through our customized impact reporting while also providing liquidity, diversification, and historical competitive returns." 

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