Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Thursday, March 28, 2024 · 699,469,423 Articles · 3+ Million Readers

Impact Community Capital Names Michael Lohmeier as Chief Investment Officer; Matthew Berg as Senior Vice President & Counsel

New Appointments to Senior Management Team Will Support Company’s Expansive Five-Year Impact Investing Growth Strategy

SAN FRANCISCO, Aug. 16, 2017 (GLOBE NEWSWIRE) -- Impact Community Capital (ICC) announced today the appointment of two new additions to its senior management team: Michael Lohmeier, Chief Investment Officer and Matthew Berg, Senior Vice President & Counsel. Both Lohmeier and Berg will report to President and CEO Jeff Brenner, and will be key players in bolstering ICC’s expansive five-year impact investing growth strategy.

Michael Lohmeier, Chief Investment Officer, Impact Community Capital
Impact Community Capital (ICC) announced today that Michael Lohmeier has been appointed as chief investment officer. Lohmeier will be a key player in bolstering ICC's expansive five-year impact investing growth strategy.


Matthew Berg, Senior Vice President & Counsel, Impact Community Capital
Impact Community Capital (ICC) announced today that Michael Berg has been appointed as senior vice president and counsel. Berg will be a key player in bolstering ICC's expansive five-year impact investing growth strategy.


Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/2be8b241-f636-4173-925b-5b011ab11f22

http://www.globenewswire.com/NewsRoom/AttachmentNg/47f823ce-5f3d-419d-bb72-127e546b90e0

Established in 1998, ICC has provided nearly $1.5 billion in financing directed to benefit low-income families and communities. Projects include affordable multifamily housing, community healthcare facilities, childcare centers and other community facilities serving families and communities in 38 states plus the District of Columbia. ICC was founded by a consortium of insurance companies to facilitate investments in projects that specifically benefit low-income families and communities.

“I am excited to have two high-quality professionals with the investing expertise and commitment to impact investing that we have found in Mike and Matt,” said Brenner. “ICC is implementing a five-year strategic plan to deliver quality investments in scale to institutional investors seeking to add impact to their investment portfolios and we are excited to add Mike and Matt to the management team that will drive our success.”

Lohmeier has built an impressive track record in the impact investing space during his 20-year career.  As Managing Director for Wespath Benefits and Investments, Lohmeier oversaw all aspects of the organization’s $21 billion investment portfolio of public equity, fixed income, real estate and positive social purpose (PSP) investments. He was instrumental in growing the PSP program, which was developed to promote affordable housing and community development for disadvantaged communities while delivering competitive returns, to over $2 billion during his tenure. Lohmeier will be responsible for developing and executing ICC’s investment strategy, including managing existing investor relationships, developing new investors and structuring new investment funds.

Berg brings to ICC a wealth of experience in finance and commercial real estate. As an Associate at Dechert LLP, Berg advised investment banks, hedge funds, private equity funds and insurance companies on nationwide commercial real estate acquisition and dispositions. ICC has been a leading innovator in securitizing affordable housing mortgages, and Berg’s experience at Dechert advising CMBS securitizations significantly expands ICC’s ability to deliver capital in scale to address the critical need for affordable housing and community investment in our country.

About Impact Community Capital LLC
The first word and last name in impact investing, Impact Community Capital LLC is a pioneer in the impact investing space. ICC is reshaping and refining investment opportunities for investors seeking to add impact to their portfolios. ICC was founded by leading insurers to promote socially responsible investments in underserved communities, making it an early leader in making investments that facilitate social change long before “Impact Investing” began its move to the mainstream. ICC pioneered pooling and securitization of community investment portfolios to direct large amounts of capital for affordable housing and used federal New Markets Tax Credits to invest in community childcare and healthcare facilities. It is owned by the following insurance companies: Allstate Insurance Company, Farmers Insurance Exchange, Nationwide Mutual Insurance Company, Pacific Life Insurance Company, State Farm Mutual Automobile Insurance Company, Teachers Insurance and Annuity Association of America, and 21st Century Insurance Company. For more information, call (415) 981-1074, or visit www.impactcapital.net

CONTACT:	
                    Germaine Bennison
                    415.981.1074 ext. 35
                    gbennison@Impactcapital.net

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release