The New York City Investment Fund Manager, Inc.

1996

One Battery Park Plaza,5th floor,New York, NY 10004

Private

Private Equity & Venture Capital
Investment Services & Portfolio Management

The key criterion for investment is that the venture is likely to generate benefits for New York City and its communities. Priorities include job creation, revitalization of distressed areas and innovative ideas or products that position New York at the cutting edge of growth sector industries.NYFM invests in technology or Internet companies, but only alongside an experienced lead venture capital investor. They do not make grants, but will provide below market financing for not-for-profit projects that advance their mission. They do not make long-term real estate investments nor invest in real estate for housing. They will provide short-term real estate financing for projects that have a significant impact in terms of permanent job creation, new business development or revitalization of a community.NYFM provides subordinated debt to leverage other private capital or to maintain maximum ownership for management of minority-owned companies. When investing in a venture capital deal, returns are expected to equal those of other at-risk parties.About one third of the fund's assets are owned by a limited liability company, with investors who have effectively made an interest free, unsecured loan to the fund for a period of fifteen years. Another third of the assets are held by the Civic Capital Corp., a public charity established to administer tax exempt contributions that have been donated to the fund. These investments are restricted to investment in eligible charitable activities such as economic development. The balance of assets is held by the New York Small Business Venture Fund I and II.

http://www.fund.pfnyc.org