The Open Society Economic Advancement Program, through its Soros Economic Development Fund, invites proposals from U.S. and UK investment fund managers, as well as community development finance institutions, who support shared ownership, to amplify worker and community voice and to more equitably distribute value to historically marginalized communities.
Open Society is looking to place capital with debt funds, equity funds, and community development finance institutions whose investment theses harness democratic ownership and governance in order to foster a future economy of greater fairness in distribution of wealth and more inclusion of marginalized groups. Open Society is particularly interested in vehicles that support conversions to shared ownership (including employee ownership) in low-income, low-wealth, and other disadvantaged communities.
Funds should submit investment proposals, slide decks, investment memos, or private placement memos by email to firstname.lastname@example.org. The Open Society Foundations will consider investments in the range of three to ten million dollars located in the United States and United Kingdom (with a strong preference toward limited partnership commitments to funds or debt to CDFIs). This is not a call for grant support. Opportunities will be reviewed on a rolling basis until May 31, 2019.
Learn more about the Open Society Economic Advancement Program here.