NEW
YORK, May 16, 2024 /PRNewswire/ -- Enhanced
Capital, a leading impact investment firm founded in 1999, released
its 2023 Community Impact Report.
The report highlights Enhanced Capital's progress in creating
stronger and more sustainable communities through its investment
focus areas: Climate Finance, Impact Real Estate, and Small
Business Lending.
"In our 2023 Community Impact Report, we are proud to highlight
the meaningful impact of transforming local economies for the
benefit of investors and community stakeholders," said Michael Korengold, President and CEO of Enhanced
Capital. "The report showcases our efforts to provide financing
solutions for projects and businesses that lack access to
traditional sources of capital."
Notable Highlights:
- Committed over $3.7 billion
in impact assets to projects and businesses since
inception through Enhanced Capital's three investment
strategies.
- Supported over 3,600 jobs in 2023 and over 53,000
jobs since inception, contributing to economic growth and
generating positive impacts that resonate throughout
communities.
- Installed 242 megawatts of clean energy capacity in
2023 through Climate Finance investments and offset
approximately 1.8 million metric tons of carbon emissions over the
lifespan of these projects.
- Closed 84% of investments with borrowers or developers in
low-income, rural, or underserved communities in 2023, bridging
capital gaps and improving resources for high-impact businesses and
projects.
Enhanced Capital's 2023 Community Impact Report provides a
comprehensive look at its investments and achievements over the
past year. It emphasizes the Firm's role in advancing impactful
economic development, job creation, and sustainable practices
across communities where the Firm invests.
To read the Enhanced Capital 2023 Community Impact Report
and learn more about the Firm's ongoing impact, visit the Enhanced
Capital website.
About Enhanced Capital
Enhanced Capital Group, LLC is a leading impact investment firm
with over 24 years of experience investing in Climate Finance,
Impact Real Estate, and Small Business Lending.
From inception in 1999 through December
31st, 2023, inclusive of proprietary assets and assets
managed by affiliates, Enhanced Capital has raised a total of
$5.8 billion. Of the total assets
under management, impact assets represent $3.7 billion invested in over 900 projects and
businesses throughout 40 states, Washington DC, and Puerto Rico and does not include investments
made by non-impact affiliates.
For more information on Enhanced Capital, please visit
www.enhancedcapital.com.
Disclaimer:
Enhanced Capital Group, LLC, and its affiliates, is an Equal
Opportunity Provider. Information presented is for discussion
purposes only and is neither an offer to sell nor a solicitation of
any offer to buy any securities, investment product, or investment
advisory services. This is not an offering or the solicitation of
an offer to purchase an interest in a fund.
For media inquiries or further information, please
contact:
Info@enhancedcapital.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/enhanced-capital-announces-release-of-2023-community-impact-report-302148135.html
SOURCE Enhanced Capital