Arlington, VA (January 31, 2024) – Rochdale Capital, a national non-profit community development loan fund recently received its first impact investment from Mercy Partnership Fund, the global community investing program of Mercy Investment Services that provides below-market rate investments to mission-driven organizations and projects that provide high social and environmental impact.
“Rochdale Capital's commitment to advancing diversity and equity and connecting under resourced communities with capital closely aligns with our investment priorities, which are driven by the mission and values of the Sisters of Mercy,” says Sarah Smith, director of Mercy Partnership Fund, “We’re proud to be an early investor supporting Rochdale Capital’s mission of promoting cooperative and community ownership, the advancement of equity, diversity and inclusion and equitable access to capital.”
“The investment by Mercy Partnership Fund in Rochdale Capital will allow us to create affordable homeownership opportunities and resiliency hubs and combat food insecurity while empowering minority entrepreneurs,” stated John Holdsclaw IV, President and CEO of Rochdale Capital, “We look forward to a long relationship with the Mercy Partnership Fund and Mercy Investment Services for many years to come.”
