OFN spoke with Debra Schwartz, Managing Director of Impact Investments at MacArthur, about catalytic capital and the recently launched Catalytic Capital Consortium: what it means, where it works, to whom it’s geared, and where CDFIs fit in.

The John D. and Catherine T. MacArthur Foundation today launched the Catalytic Capital Consortium, dedicating $150 million to help address financing gaps in impact investing, particularly for funds and intermediaries that are not a fit for conventional investment.

In December, The Rockefeller Foundation and Chan Zuckerberg Initiative announced the 10 grantees of the Communities Thrive Challenge, a $10mm effort to expand economic opportunity for low-income and financially insecure people and communities across the country.