West Potomac Capital Announces Financials Impact Fund and Deposit Placement Strategy Focused on Financial Inclusion and Economic Opportunity

ARLINGTON, Va.--()--West Potomac Capital LLC (WPC) plans to launch a social impact private credit investment fund, WPC Financials Impact Fund I LP (Fund) in the second half of 2023. The Fund will be led by Trevor Montano, WPC Founder, Managing Member, and former Chief Investment Officer at the U.S. Department of the Treasury who has a decade of experience investing in, and managing capital allocated to, mission-driven financial institutions.

The Fund targets a fundraise of $250 million and aims to invest directly in, and alongside:

  • Minority Depository Institutions (MDIs) including U.S. Banks and Credit Unions
  • Women-Owned Depository Institutions (WDIs)
  • U.S. Department of the Treasury certified Community Development Financial Institutions (CDFIs) including U.S. Banks, Credit Unions and Loan Funds
  • Low-Income Designated Credit Unions (LICUs)

WPC also has a deposit placement strategy to assist corporations, financial institutions, philanthropic organizations, and others in placing deposits with mission-driven financial institutions. WPC intends to provide credit underwriting and monitoring as well as impact reporting on such deposits utilizing proprietary credit underwriting models and an impact management and measurement framework internally developed specifically for U.S.-based mission-driven financial institutions.

“We are extremely excited to bring these new and innovative impact investing products to market in support of mission-driven financial institutions across America,” said West Potomac Capital LLC founder Trevor Montano. “It has been wonderful to see the significant increase in commitments related to social equity over the past few years and we intend to work with great organizations such as the Economic Opportunity Coalition and signatories to the Office of the Comptroller of the Currency’s Project REACh: Removing Barriers to Financial Inclusion, and many others to help support and direct such commitments to highly impactful opportunities.”

O’Melveny & Myers LLP is serving as lead private fund counsel and Nelson Mullins Riley & Scarborough LLP is serving as financial institution regulatory counsel to the Fund.

Potential capital partners, depositors and mission-driven financial institutions interested in learning more, please email info@westpotomaccap.com.

About West Potomac Capital LLC

West Potomac Capital LLC is a minority-owned alternative asset management firm headquartered in the Washington, D.C. metro area. As of September 30, 2022, WPC had approximately $2.5 billion in regulatory assets under management focused on the financial services sector and mission-driven financial institutions. WPC was founded in 2020 by Trevor Montano, a former financial institutions investment banker and former Chief Investment Officer for the U.S. Department of the Treasury. More at www.westpotomaccap.com.

Disclaimer: This press release does not constitute an offering of interests in the Fund, which will be made only to qualified investors pursuant to the Fund’s offering documents. Nothing contained in this press release should be relied upon as a promise or representation as to the future performance of the Fund. No representation or warranty is made as to the accuracy of statements, estimates, targets, and/or projections herein, nor as to the ultimate success of the Fund or the external conditions and circumstances under which the Fund will operate. Prospective investors must not rely upon any matters in this release. The activities undertaken by the Fund may differ from those described above due to unexpected external circumstances or otherwise. Moreover, past performance is not a guarantee of future performance. Certain statements made in this release are "forward looking statements". These forward-looking statements are not predictions of future performance, conditions or results, and are inherently uncertain and subject to numerous risks, many of which are outside the Fund’s and its advisors’ control. There is no obligation to update or revise any such forward-looking statements.

Contacts

Trevor Montano
info@westpotomaccap.com

Release Summary

West Potomac Capital announces new impact fund.

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Contacts

Trevor Montano
info@westpotomaccap.com