Avivar Capital

Slow to the game, but better late than never! Here are my key takeaways from an invigorating NY Climate Week #NYCW: ? Private capital is much needed to complement the billions coming from the Greenhouse Gas Reduction Fund #GGRF. In particular, we need private investors to step in to support pre-development capital, bridge financing, and credit enhancement/guarantees to enable more clean energy deployment. ? VC / equity is not the only capital that will power early-stage startups innovating climate solutions. We need to unlock other types of capital, e.g., nondilutive grant or debt, to support the growth and scaling of these startups. Thank you Pedro Henriques da Silva and Breene Murphy for such an insightful panel bringing together like-minded climate change agents together for an evening of conversation. #ShiftingTrillions #SierraClubFoundation. And thank you Shruti Shah, Laura Fox, and Christina Whatley for taking time out of a packed NYCW to meet up and chat about everything climate.

Earlier this year, our team at Avivar Capital completed due diligence on Slauson Fund II on behalf of one of our clients, who participated in the final close. We were familiar with Slauson, as several of our clients invested in Slauson Fund I. Their thesis stood out for several reasons, but most notably due to their strong leadership and dynamic team. Congratulations to the entire Slauson team on today's exciting news. Austin Clements Ajay Relan Jesús Salas Waverly Middleton Brittany Crockett Aileen Kim Brandon Edler Miki Reynolds Clarissa Kim

Avivar Capital, NMIIC Fellow, Andrea Romero, represented NMIIC at NGIN’s Cityscapes Summit, focusing on growing economic investment ecosystems in New Mexico. Key takeaways of the summit include: . ? Collaboration for Better Investments: Philanthropy, investors, nonprofits, and banks working together ensures inclusivity and more effective investments, especially for micro and indigenous communities. . ?Building Capacity through Partnerships: Leveraging partnerships and focusing on strengths can enhance capacity, crucial for sustainable development. . ? Bridging Finance and Community Needs: Effective communication between the finance industry and community goals is vital for translating capital into impactful community investments. . Discover how these strategies can drive meaningful change. Read more in the full NGIN blog post at https://lnkd.in/etXBiasq . . #NMIIC #ImpactInvesting #EconomicDevelopment #CommunityGrowth #InclusiveInvesting #SustainableDevelopment #CapacityBuilding #NGIN #CityscapesSummit

In April 2024, Confluence Philanthropy and the New Mexico Impact Investing Collaborative (NMIIC) organized the Collaborative Impact Investing Forum in New Mexico. This Forum aimed to bring investor collaboratives, national funders, and local foundations together to explore how collaboration can improve investment outcomes for social and environmental impact. In our latest blog, Tina N. Castro, CFA and Andrea D. Romero from Avivar Capital, and Adam Rubel from Hai Fund, share their takeaways from the Forum and highlight the benefits of forming investor collaboratives to drive local change.

We round out day 3 of this week with our 3rd intern for the summer - Bryan Reyes! Bryan joins Avivar via PledgeLA's Venture Capital Fellowship Program. He is currently pursuing his MBA at UC Riverside. Bryan was drawn to Avivar because of his interest in finance and ethical investments. We are thrilled to have Bryan as part of the team and look forward to his contributions!

As we close out our second day of orientation, we'd like to take a minute to introduce you to Tatiana Jackson. This year, we have the pleasure of hosting two incredible interns from PledgeLA's Venture Capital Fellowship Program for SoCal-based graduate students from underrepresented backgrounds. Tatiana, with her unique background, is eager to share her passion with the Avivar team and her fellow cohort. Welcome to the family, Tatiana!

Avivar is proud to introduce its newest cohort of summer interns! We are thrilled to welcome them to the team and look forward to learning from and sharing experiences with each other over the next several weeks. Today, we introduce to you the first of three - Nayancie M. who joins us through our collaborative partnership with HBCUvc. Nayancie brings a wealth of experience - both professionally and academically. We trust that she will be a tremendous asset to the team. Please help us welcome Nayancie to the Avivar (and extended) family!

Huge congrats to our partners at the Federal Reserve Bank of New York, Enterprise and LISC for today’s lauch of What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods!?This book offers actionable solutions from climate, finance and community leaders to transform our infrastructure and energy systems and build more #resilient, #sustainable and #inclusive communities across America. Avivar Capital was thrilled to author a chapter profiling the Sierra Club Foundation's climate justice investing and outlining how any investor can build an investment portfolio that drives climate justice while generating financial returns. Join us at the Federal Reserve Bank of New York’s book launch TODAY where we’ll be joining a panel on Insurance, Risk and Resilience.?You can watch virtually by registering here (https://lnkd.in/escgiDb5). #WhatsPossible serves as a critical resource to anyone and everyone committed to solving the #climatecrisis and building #resilient communities. Get your free copy of the book at www.whatspossiblebook.org. #shiftingtrillions #whatspossible #sustainability #Avivar #climatecrisis #climatechange #fundcommunitiesnow #equitablechange #impactinvestment #investing Enterprise Community Partners Local Initiatives Support Corporation (LISC)

Thank you to the pioneering speakers who joined me at #missioninvest2024 to talk about how we can continue to implement diverse manager strategies in an evolving landscape. Rochelle Witharana, CPA , Valerie Red-Horse Mohl, Erin Harkless Moore, CFA and Malik Murray highlighted the importance of: 1. Leaning into the backlash. Anti #DiversityEquityInclusion efforts like the lawsuit against Fearless Fund are intended to intimidate. We must push back with efforts like setting up legal defense funds and Diverse Investing Collective. 2. Interrogating the process. Commonly accepted due diligence practices are inherently biased against diverse managers. We can take alternative approaches to diligence that reduce bias while maintaining analytical rigor. 3. Changing the narrative. Data shows that diverse teams outperform homogenous teams. Seeking out diverse managers, who typically have more diverse teams, is a fiduciary responsibility in being a good steward of assets. Not doing so is simply negligent. The California Wellness Foundation Pivotal Ventures Ariel Investments Known Avivar Capital Mission Investors Exchange

?? Join us in Santa Fe, NM for an insightful exploration of the current landscape for values-aligned investor collaboratives! Despite decades of collaboration, questions linger about the impact of foundation and endowment capital allocation. . The Collaborative Impact Investing Forum, co-organized by Confluence Philanthropy and NMIIC, brings together investor collaboratives, national funders, and local foundations. ???? Dive into discussions on successful collaborations, unique innovations in New Mexico, and the factors driving social and environmental impact with returns. . Get ready for interactive seminars, networking, dinner, and optional visits to local projects! ?????? Limited space for engaging group discussions, so secure your spot for this unique experience soon. Venue details and registration info coming shortly. Don't miss out! . Any questions? Please contact Sarah DeNicola, Senior Director of the Social Equity Program at Confluence Philanthropy, at [email protected] . . #ImpactInvesting #CollaborativeForum #NewMexicoImpact #SocialImpact #InvestInChange