Northwestern Mutual, U.S. Bancorp back equity-focused investment fund


With backing from large banks and other deep-pocketed sponsors, the Arlington, Virginia-based community lending organization Momentus Capital has launched a new fund that will invest primarily in companies led by diverse entrepreneurs or doing work in communities of color.

The fund, dubbed Impact Investments, is the first for Momentus, a recently formed umbrella organization made up of Arlington community development financial institution Capital Impact Partners, San Diego-based CDC Small Business…

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