News

Bespoke Fixed Income Manager Reaches $4 Billion in AUM

Ft. Lauderdale, FL, October 14, 2021: Community Capital Management, LLC (CCM), a leading impact and environmental, social, and governance (ESG) investing manager, today announced it has reached $4 billion in assets under management (AUM), approximately one year after surpassing $3 billion.

“We are thrilled to have reached this tremendous milestone, and in such a short amount of time from hitting $3 billion,” said Alyssa Greenspan, president and COO of CCM. “It took 10 years to reach $1 billion in AUM and just over a year to raise the most recent $1 billion. It’s an honor to help our clients invest into their communities and/or along with their missions, impact objectives, or faiths. Equally gratifying is seeing how our clients and their advisors showcase our detailed use of proceeds impact reporting with their stakeholders and in annual reports.”

“On behalf of our clients, we have invested approximately $12 billion in impact initiatives nationwide according to their specific targeting requests which includes customization to communities, one or more of 18 impact themes, and/or to impact initiatives (Minority CARES and COVID-19 Relief),” said David Sand, chief impact strategist at CCM. “Our technology provides clients with detailed impact metrics including place-based specifics down to the county level, the largest of which is $350 million invested in impact initiatives in Salt Lake County. Another example is Minority CARES, where we have invested $952 million in impact initiatives benefiting minority families and communities and increased economic opportunity for people of color.[1]

CCM began managing assets in 1999 and has kept its mission the same over its 22-years: to seek to deliver superior risk-adjusted returns through investment strategies that contribute to positive environmental and social outcomes. The firm’s strategies – which include fixed income, equities, and alternatives – utilize an innovative approach by combining the positive use of proceeds analysis with rigorous financial analysis, an inherent focus on risk management, and detailed impact reporting. Clients can align their values with their investments through the firm’s ground-breaking bespoke approach to fixed income impact investing. To our knowledge, it is the only strategy offering investors this type of customizable impact.

Greenspan added: “As a pioneer in the field, we are proud to offer innovative capital market solutions to positively impact underserved communities and help bridge the racial wealth gap via homeownership opportunities. One recent offering is the Impact Shares Affordable Housing MBS ETF (ticker: OWNS) which is sub-advised by CCM and seeks to invest in the dignity of homeownership for traditionally underserved communities. As we look to the next AUM milestone, we will continue to invest in technology for enhanced impact reporting along with increasing our internal and external diversity, equity, and inclusion initiatives.”

For more information, visit www.ccminvests.com.

[1] Impact figures are approximate. The $350 million impact invested in Salt Lake County is from firm inception (08/30/99) to 09/30/21. The $957 million in Minority CARES is from initiative inception (Juneteenth 2020 to 09/30/21).

Community Capital Management, LLC

Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission. Headquartered in Fort Lauderdale with employees in Boston, Charlotte, the New York City area, and Southern California, CCM was founded in 1998 and manages approximately $4.0 billion in assets. The firm believes a fully integrated portfolio — one that includes environmental, social, and governance (ESG) factors — can deliver strong financial performance while simultaneously having positive long-term economic and sustainable impact. CCM’s strategies utilize an innovative approach to fixed income and equity investing by combining the positive outcomes of impact and ESG investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. Within our fixed income portfolios, impact customization provides investors the opportunity to direct their capital to support specific geographies (also known as place-based impact investing), one or more of 18 impact themes, and impact initiatives. For more information, please visit: www.ccminvests.com.

Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The verbal and written communications of an investment adviser provide you with information you need to determine whether to hire or retain the adviser. Past performance is not indicative of future results. CCM has distinct investment processes and procedures relating to the management of investment portfolios. The firm’s strategies are customized, rather than model-based, and utilize an innovative approach to fixed income and equity investing by combining the positive outcomes of impact and environmental, social, and governance (ESG) investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. Bonds are subject to interest rate risk and will decline in value as interest rates rise.

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