Broadstreet Impact Services

What Broadstreet Impact Services does

Broadstreet Impact Services is a Chicago-headquartered impact financial services company founded in 2004 as an affiliate of the Local Initiatives Support Corporation (LISC), one of the largest nonprofit CDFIs in the United States. The company provides a vertically integrated platform of fund administration (fund accounting, treasury management, loan servicing, audit support), fund management (designing, launching, and managing NMTC and loan funds as manager of record), and impact advisory services (market scans, impact strategy development, impact measurement systems, evaluation, and research) to impact fund managers, institutional investors, corporations, foundations, CDFIs, and government entities. As of December 31, 2025, Broadstreet managed $498M in assets under management and $2.3B in assets under administration, expanding to $2.7B combined across 51 multi-asset funds and 88 single-asset entities by May 2026, making it the largest cumulative recipient of federal New Markets Tax Credits with over $1.2B in awards since the program's inception.

The company generates revenue through three primary streams: professional services fees for fund administration, managed services fees for fund management (including management fees and performance-based compensation), and professional services fees for impact advisory engagements. All services are delivered on a bespoke, relationship-driven basis through direct enterprise sales with long consultative cycles, with no self-serve or marketplace distribution. The business model is anchored by the LISC New Markets platform — Broadstreet has managed LISC New Markets since the federal NMTC program launched in 2004 — and has expanded to manage 18 loan funds ranging from $2M to $42M alongside multiple named NMTC funds including the PROPEL Fund ($25M, Edwards Lifesciences), Black Vision Fund ($29.5M), Thriving Communities Fund ($35M, TD Bank), Morgan Stanley Rural NMTC Fund ($45M), Grow Indy Fund II, Ownership for Change Fund, and EBIARA Fund. The company does not operate a proprietary technology platform, having selected FUNDINGO in July 2025 as its loan servicing software, and relies on a proprietary impact assessment framework based on the Impact Management Project's Five Dimensions of Impact, OPIM, SDG Impact, and IRIS+ standards to differentiate its impact advisory work.

Name

Broadstreet Impact Services

Legal name

Broadstreet Impact Services

Website

https://broadstreetimpact.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Broadstreet Impact Services is a Chicago-based impact financial services company, founded in 2004 as a LISC affiliate, providing fund administration, fund management, and impact advisory services to impact fund managers, institutional investors, CDFIs, and corporations, with $2.7B under administration and management.

Ownership category

akta.pro rank

Product category

Impact Fund Administration and Management

NAICS

Portfolio Management and Investment Advice (523940), Other Management Consulting Services (541618)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

akta.pro secondary industries

Impact Investment & Social Finance Programs (BPADAOAJ), Impact / ESG Multi-Manager Platforms (FSANAGAJ), Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)

Keywords

• Fund administration services
• Impact fund management
• New Markets Tax Credits
• Community development finance
• Impact advisory services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Administration Services: Broadstreet provides institutional-grade fund administration infrastructure including fund accounting, treasury management, loan servicing, and audit support for mission-driven funds. Revenue is generated through service fees charged to fund managers.
2. Fund Management: Broadstreet designs, launches, and manages investment vehicles including NMTC funds and loan funds. The company serves as manager of record for select mandates, earning management fees and performance-based compensation.
3. Impact Advisory Services: Research-driven impact strategy services including market scans, impact strategy development, impact measurement systems, evaluation, and research & analysis to help partners develop and manage community investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Broadstreet Impact Services is an impact financial services company that provides fund administration, fund management, and impact advisory services to impact fund managers, institutional investors, corporations, foundations, CDFIs, and government entities. It manages NMTC equity funds and loan funds, delivering back-office infrastructure (fund accounting, treasury, loan servicing, audit support) alongside bespoke fund design, impact measurement frameworks, and consulting services for community development finance.

Product overview

Broadstreet Impact Services is an impact financial services company offering a comprehensive platform of fund services and fund management. The core offerings consist of Fund Administration (accounting, treasury, loan servicing, audit support), Fund Strategy & Operations (financial structuring, forecasting, operational policies), Impact Advisory (market scans, impact strategy development, measurement, evaluation, research), NMTC Investing, and Loan Funds management. The platform is built around the LISC New Markets program—the largest cumulative federal NMTC allocation in the industry—alongside proprietary impact measurement frameworks. Broadstreet manages 18 loan funds and multiple NMTC investment funds including the PROPEL Fund, Black Vision Fund, Grow Indy Fund II, Ownership for Change Fund, Thriving Communities Fund, Morgan Stanley Rural NMTC Fund, Allivate Employee Ownership Fund, Equitable Health Fund, and EBIARA Fund, collectively managing billions in capital under administration and management for impact-driven investments across underserved communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund Administration
• Impact Advisory
• Fund Strategy & Operations
• NMTC Investing
• Loan Funds
• LISC New Markets
• PROPEL Fund
• Black Vision Fund
• Grow Indy Fund II
• Ownership for Change Fund
• Thriving Communities Fund
• Morgan Stanley Rural NMTC Fund
• Allivate Employee Ownership Fund
• Equitable Health Fund
• EBIARA Fund
• Huntington Bank $25M NMTC Fund

Quantifiable outcome

• 265+ projects creating jobs in low-income communities
• +5 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• URGE GroupcoreStrategic or Co-development Partner · 14 May 2026URGE Group, a Detroit-based advisory, development and investment firm, selected Broadstreet for fund administration and loan servicing to support its place-based investment strategy focused on emerging developers and economic opportunity in under-resourced communities.
• Local Initiatives Support Corporation (LISC)coreStrategic or Co-development PartnerBroadstreet is an affiliate of LISC, one of the largest nonprofit CDFIs in the country with more than $35 billion invested. LISC has been awarded more than $1.36 billion in NMTC investment authority deployed through Broadstreet. Broadstreet manages LISC New Markets since NMTC program inception in 2004.
• Rural LISCminorStrategic or Co-development PartnerBroadstreet facilitated a formal collaboration between Timberland Investment Resources and Rural LISC to enhance capacity of community organizations in distressed rural communities where forestry investments are planned.
• Fibers FundminorStrategic or Co-development PartnerFibers Fund participated in ImpactAlpha Agents of Change Call co-hosted by Broadstreet to discuss back-office infrastructure for emerging impact fund managers.
• GroundBreak CoalitionminorStrategic or Co-development PartnerGroundBreak Coalition participated in ImpactAlpha Agents of Change Call co-hosted by Broadstreet to discuss operational foundations for impact fund managers.
• PIDC CapitalminorStrategic or Co-development PartnerPIDC Capital, Philadelphia's public-private development corporation, leads an NMTC fund for Delaware Valley Community Health project, with Broadstreet providing NMTC allocation.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SS&C Technologies: Global financial services and fund administration giant (via GlobeOp and other acquisitions) serving alternatives, hedge funds, and private equity. Comparable as a fund administration platform with vastly broader scale, but does not specialize in impact/NMTC.
• iCapital Network: Alternative investments platform providing wealth managers and institutional investors with access to private equity, private credit, and structured investments including impact products. Comparable as an alternative-investment infrastructure platform with overlap in serving impact-oriented capital allocators.

Direct peers

• Gen II Fund Services: Premium private fund administration firm serving private equity, real estate, and infrastructure managers. Comparable to Broadstreet in providing institutional-grade fund accounting, treasury, and investor services for alternative asset managers.
• Juniper Square: Tech-enabled fund administration and investor reporting platform for private equity and real estate fund managers. Directly comparable to Broadstreet's fund administration offering but with a software-first delivery model that competes on automation and self-service.
• Carta: Private market fund administration, accounting, and cap table platform serving VCs, PE, and limited partners. Directly comparable as a fund services provider for alternative investment managers, though at much larger scale and serving broader asset classes than impact-only.
• Novogradac & Company: National accounting and consulting firm specializing in NMTC, LIHTC, historic, and renewable energy tax credit advisory and compliance. One of the most direct comparables to Broadstreet's NMTC-focused services and referenced by Broadstreet in connection with NMTC permanence coverage.
• Reinvestment Fund: Pioneer CDFI focused on financing housing, education, healthcare, and community development in distressed markets. Comparable to Broadstreet's mission-driven lending and impact investing activity, particularly NMTC deployment.
• Capital Impact Partners: National CDFI providing loans, investments, and development services to underserved communities, including NMTC deployment. Comparable as a mission-driven impact finance organization with overlap in NMTC program execution.

Emerging players

• CAIS: Alternative investment platform connecting independent advisors and wealth managers to private equity, private credit, and hedge fund products. Comparable as an emerging infrastructure player in alternative fund access and administration.

Regional players

• BlueHub Capital: Community development financial institution providing capital to underserved communities across the U.S. with focus on affordable housing, education, and health. Comparable as a CDFI deploying NMTC and impact capital with overlapping client and mission profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/broadstreet-impact
• Xx.com/BroadSt_Impact

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broadstreet Impact Services