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Main Street Resources
New England Impact Fund - Executive Job Description
Contact: Ronny Chatterjee at firstname.lastname@example.org
Main Street Resources (MSR) is launching its third fund, New England Impact Fund (NEIF), to invest in small growing New England social enterprises, minority owned or run companies, and low or moderate income (LMI) and economically distressed area (EDA) located businesses. MSR is seeking two new executives to join its team and focus exclusively on NEIF - one at the associate or junior partner level and one at the senior partner level with potential to build and lead the organization over time. Key responsibilities will be fundraising and investor relations, deal flow development, opportunity screening/structuring, due diligence, financing/closing, portfolio company oversight and support, value realization and overall firm management/operations.
NEIF will be a $40-60mm Impact Investment SBIC formed to generate superior financial return and meaningful measurable economic development and social impact. NEIF is supported by partnerships with Social Enterprise Greenhouse (the leading social enterprise organization in New England), David Hirsch (long-time MSR advisor/partner and recent past Chairman of the Rhode Island Foundation), and several other highly-regarded organizations, investors, and successful executives and entrepreneurs. Primary focus areas will be community building, business services, consumer and commercial products, education, health & wellness, sustainable food, recycling, clean-energy and housing. The Fund will be hands-on, creating a network/community of social entrepreneurs and bringing "more than money" to its partners and portfolio companies in terms of value-added support and partnership. Offices will be in Westport, CT and Providence, RI. This regional value-add SBIC approach is consistent with MSR's history, with the added focus on impact. See mainstreetresources.com and segreenhouse.org.
Applicants should have strong relevant educational and professional backgrounds and be passionate about growing small companies and the concept of impact investing, but direct private equity experience is not an absolute requirement.