Prism Mezzanine Fund is focused on and committed
to Community Development (CD) as a core component of its mandate.
We are licensed as a Debenture SBIC by the U.S. Small Business Administration
and seek to generate competitive returns for our investors by underwriting
credit and investing in and enhancing the value of small businesses.
These businesses, which often have difficulty accessing vital growth
capital through traditional channels, are the lifeblood of the American
economy, and present, in our opinion, superior investment opportunities.
As a result, we seek to invest between $2 to $7 million in exceptional
Midwest based Industrial companies. We believe that this strategy
will deliver superior returns to our investors while simultaneously
benefiting the community through job creation and increased tax revenue.
In October 1999, The Prism Opportunity Fund received formal
approval from the U.S. Small Business Administration for licensing
as an SBIC. In September of 2003, Prism Mezzanine Fund received
its approval. Each fund is a qualifying community development
investment under the Community Reinvestment Act (CRA) for regulated
financial institutions. The designation recognizes management
expertise and the potential benefits of our approach to a broad
community development agenda.
Prism’s Managing Partner, Robert Finkel, was selected to
testify before the House Small Business Committee in Washington,
DC representing all SBIC’s to reauthorize the SBIC program,
which occurs every three years. You can find this testimony by clicking
here.
Prism Capital is the fifth group in the country to be
granted both participating securities and debenture SBIC licenses.
Prism Opportunity Fund has invested its capital in the
Midwest in 10 of its fourteen transactions, and five out of fourteen
are in Illinois.
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