Debt funding for a Section 8-qualified affordable senior apartment complex in Cincinnati, OH, which contains 114 one-bedroom apartments for seniors only — including on-site activity programs, laundry, and parking. The property is on the bus line for an easy commute to the Cincinnati Zoo, shopping and restaurants, and local hospitals. The community is 91% Black, indigenous, and people of color.

Debt funding for a 100% affordable rental housing complex in Hyattsville, MD. The property contains 276 units for families at or below specific income levels — along with a community center, computer lab, clubhouse, pool, playground, and on-site daycare center. The property is in a community that is 98% Black, indigenous, and people of color and provides easy access to Washington, DC, National Harbor, and Baltimore Inner Harbor, as well as a wide variety of shops, restaurants, and entertainment options.

More than $1.5M in home mortgage funding to nine homeowners in Hays, Travis, and Williamson counties in Texas. Four of the nine loans are to families making less than 60% of the area median income and the remaining five loans are to families making between 70% — 80% of the area median income.

Farmdale Apartments is the fund’s first investment: the construction of a five-story, 26-unit building in North Hollywood, CA, including five units of rent-restricted affordable housing reserved for households earning less than 50% of the area median income. This location is in an Opportunity Zone — a low-income neighborhood that is federally designated for incentivized long-term economic development. 60% of residents of the community are people of color and the unemployment level is at 6% for the city. Easy access to public transportation will let residents tap into the many employment centers in downtown Los Angeles and across the San Fernando Valley.

Rochester Highlands is a 504-unit apartment community in downtown Rochester, NY. The building was converted to affordable housing and now serves as a home for more than 850 residents. Alliant Strategic Investments (ASI) completely renovated the clubhouse, including private counseling rooms, marked walking trails, community gardens, and outdoor fitness areas. ASI also works with HAPI Foundation and Jewish Family Service to provide holistic health and well-being programming including mental health counseling, a food pantry, a free clothing closet and school supply store, case management for the aging, and transportation services. Two part-time social workers and a part-time nurse serve residents onsite.

Since February 2020, the fund has made nearly $500,000 of capital improvements to its 250-unit property in Decatur, GA. These include renovation of 20 units, the improvement of drainage, roof ventilation repairs, and landscape clean-up. Through its Masterlease program, the fund partners with two local non-profits fighting homelessness. One provides them with access to treatment and housing coupled with case management and helps homeless households acquire permanent housing in the metro area, including assistance with security deposits. The other focuses on veterans who are experiencing homelessness, connecting them with services like health care, mental health treatment, and substance use counseling to help them in their recovery process and with their ability to find and sustain permanent housing in the community.

The Fort Rock Carbon Project covers 26,000 acres near Bend, OR. Combined with climate-smart strategies, the forests of the Pacific Northwest can absorb 30% more carbon from the atmosphere than those managed using traditional forestry techniques. In 2020, EFM partnered with Nike to offset the carbon emissions from the outbound shipment of all Nike.com purchases in the US by using forest carbon credits generated by the Fort Rock property.

The Fund owns a 128-unit residential site located in Charlotte, NC. Since 2016, more than half of the 128 units have been renovated. The site has also received landscaping and drainage improvements, replacement of eight roofs, painting and power washing of buildings, unit water submetering, and upgrades to the clubhouse and office. Through its Masterlease program, the fund has partnered with a local non-profit focused on helping women in transition, offering recovery-based services and assistance to women and families affected by substance abuse.

The 66-unit Briar Creek apartment complex in Charlotte, NC was renovated with $500,000 of improvements, which included the installation of 22 outside patios and a dog park — along with energy- and water-saving investments including ultra-high-efficiency toilets that save the water equivalent of more than 32,500 showers a year.

Phoenix Solar is a 3.1 megawatt (3 million watts) project in Capitol Heights, MD. The site is located in an Opportunity Zone — a low-income neighborhood that is federally designated for incentivized long-term economic development. The site had been vacant for 30 years and deemed unsuitable for residential development. Phoenix Solar will power facilities owned by Under Armour, one of Baltimore’s largest companies. The project will provide clean energy, a perpetual conservation easement with vegetation and trees, local jobs, and about $1,400,000 in tax revenue — which all greatly benefit the community.

Greenbacker acquired 14 solar sites covering 200 acres across Vermont, Maine, and Washington DC. These sites are currently in varying stages of development, but once in operation, they’ll provide 28 megawatts (28 million watts) of solar capacity. Greenbacker also partnered with Encore Renewable Energy to plant pollinator-friendly ground cover at these sites. This project creates a cooler microclimate under the solar panels, lowers long-term maintenance costs due to reduced mowing, and contributes to the ecosystem’s health and carbon abatement. The project will also create a healthy habitat for bees and monarch butterflies, species that are declining from widespread insecticide and herbicide use, loss of habitat from climate change, and land development activities.

TG Therapeutics is a biopharmaceutical firm. One of their medicines is ublituximab (“Ubli”), which targets relapsing multiple sclerosis. MS is a disease in which the body’s immune system attacks myelin, the protective sheath around nerve cells that helps send messages to the brain and other parts of the body. Some 1 million people in the US live with MS, which is most prevalent in women of childbearing age. Patients struggle to cope psychologically even when the disease is in remission, given the unpredictability of flare-ups. While there is no cure for MS, significant advances have been made to manage and slow the disease’s progression. Based on their work with MS specialists, NicHealth believes Ubli could emerge as a new preferred therapy for patients.

One company in the fund is Discover Financial Services, a credit card issuer and electronic payment services company with more than 18,000 employees. After a productive dialogue with the fund’s manager, Discover issued a corporate responsibility report articulating its commitment to pay equity. It now partners with an independent third-party consultant on an annual pay equity analysis that includes race and gender. In 2019, Discover published its finding that women and underrepresented groups at the company earn on average between $0.99 and $1.02 for every $1 earned by men and non-minorities.

With their convenience and portability, personal care wipes have become one of the most popular products on the market. But 90% of wipes are made from plastic, none have recyclable packaging, and most contain harmful chemicals. One of RevUp's nine 2019 portfolio companies is NYC-based Busy Beauty. Their wipe is made of fully compostable, biodegradable cotton, delivered in 100% compostable, 100% waste free packaging. Busy Beauty is led by co-founders Jamie Steenbakkers and Michael Leahya.

The fund’s first portfolio company investment is Mitivate, a healthcare analytics firm founded by Aaron Petty to help reduce the billions of dollars wasted from inaccurate health insurance claims processing. The US government estimates this waste to be 3-10% of annual healthcare spending. Mitivate helps health insurance companies use new technology to evaluate patient data, claims, and clinical data to better identify inefficiencies and fraud. Its AI-enabled platform offers customers an easy and cost-efficient strategy for improving claims analysis. It’s able to identify 90% of questionable claims, reducing the human oversight required to validate and investigate them.

In April 2020, Trilinc invested in a sustainable, vertically integrated manufacturer in Ecuador that collects used cardboard across the country and supplements it with imported recycled material to create recycled corrugated boxes for exporters of fresh produce. To reduce demand on the local water supply, the company built an on-site water treatment facility at their state-of-the-art paper mill to conserve and reuse almost all water that hasn't already evaporated through the production cycle. As a responsible employer, the company provides job-specific training opportunities, comprehensive benefits, and maintains practices for inclusive fair hiring and recruiting, fair career advancement and compensation, and anti-sexual harassment policies.

In April 2020, Trilinc invested in a sustainable, vertically integrated manufacturer in Ecuador that collects used cardboard across the country and supplements it with imported recycled material to create recycled corrugated boxes for exporters of fresh produce. To reduce demand on the local water supply, the company built an on-site water treatment facility at their state-of-the-art paper mill to conserve and reuse almost all water that hasn’t already evaporated through the production cycle. As a responsible employer, the company provides job-specific training opportunities, comprehensive benefits, and maintains practices for inclusive fair hiring and recruiting, fair career advancement and compensation, and anti-sexual harassment policies.