New Markets Support Company

Name

New Markets Support Company

Legal name

New Markets Support Company

Website

https://lisc.org

Company type

Private

Founded year

2004

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Development Financial Services

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Community development financing
• Fund administration services
• Impact investment management
• Tax credit syndication
• Loan servicing solutions

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Lending: LISC provides loans to local nonprofit developers, small businesses and other service providers who may not be able to get credit in the conventional marketplace. Loans have financed affordable housing, supermarkets, schools, health centers and other vital community projects.
2. Investment Companies / Equity: LISC deploys equity primarily through its investment companies including LISC Fund Management, National Equity Fund, and Broadstreet Impact Services. These affiliates bridge the gap between investors and projects in under-invested communities.
3. Impact Notes: LISC Impact Notes are S&P rated, fixed-income products offered to investors. Total offering of $350,000,000 with terms of 1-20 years and minimum investment of $1,000. Proceeds support LISC's mission including loans and sustainable development projects.
4. Capacity Building Grants: Grants provided to community organizations for organizational development, strategic planning, project grants, technical assistance and training to strengthen local community development capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

New Markets Support Company, now operating as Broadstreet Impact Services, is a wholly-owned nonprofit subsidiary of LISC that provides fund services and fund management to impact fund managers. Its offering centers on New Markets Tax Credit (NMTC) fund management, fund administration, and loan servicing that support place-based investment strategies, co-creating investment products and establishing impact management systems for under-resourced communities across the United States.

Product overview

New Markets Support Company operates as Broadstreet Impact Services, a wholly-owned subsidiary of LISC (Local Initiatives Support Corporation). The organization functions as an impact financial services company offering fund services and fund management, supporting impact fund managers and co-creating investment products. The broader LISC ecosystem includes affiliates LISC Fund Management, National Equity Fund, and Community Development Trust, along with products like LISC Impact Notes (a fixed-income investment product) and Capacity Building services. These offerings work together to provide comprehensive community development financing solutions spanning from charter school facilities to affordable housing and economic development.

Differentiator

Problem solved

Functional benefit

Products and services

• Broadstreet Impact Services (formerly New Markets Support Company) Wholly-owned subsidiary of LISC (formerly New Markets Support Company) that provides fund services and fund management to impact fund managers, including NMTC fund management, fund administration, and loan servicing for place-based investment strategies. Has invested more than $1 billion in underserved communities financing health centers, job training facilities, and small businesses, with $498M AUM and $2.3B AUA as of December 2025.
• NMTC Fund Management New Markets Tax Credit fund management offering for impact fund managers, structuring and operating NMTC funds that channel patient capital into businesses and facilities in low-income communities. Includes co-creation of NMTC investment products alongside institutional partners (e.g., co-managed $25M NMTC fund with Huntington Bank).
• Fund Administration Services Third-party fund administration for impact and place-based investment funds, including the Allivate Employee Ownership Fund (selected as fund administrator in October 2025), with back-office services spanning accounting, reporting, and investor servicing for impact fund managers.
• Loan Servicing for Place-Based Investments Loan servicing operations for place-based investment strategies supporting emerging developers and community-focused lenders (e.g., URGE Group in Detroit), handling ongoing servicing, reporting, and compliance across impact-loan portfolios.

Quantifiable outcome

• $38 billion invested since 1979, leading to $102 billion in total development
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• UbercoreStrategic or Co-development Partner · 4 June 2026Uber and LISC joint Health Access Fund with up to $750,000 in new grants for nonprofit healthcare providers to connect low-income patients to transportation for vital health services.
• URGE GroupminorImplementation/ SI/ Consulting Partner · 14 May 2026Broadstreet provides fund administration and loan servicing to support URGE's place-based investment strategy for emerging developers in Detroit.
• Workday and AnthropiccoreStrategic or Co-development Partner · 12 May 2026Workday Foundation Solopreneurship Accelerator Program - AI-focused initiative supporting solopreneurs with $10,000 grants, access to Claude AI, and LISC AI-first entrepreneurship curriculum.
• Native American Development Corporation (NADC)coreStrategic or Co-development Partner · 23 April 2026Partnership to launch Montana's first native-led Financial Opportunity Center program at Eagle Seeker Community Center in Billings, funded by Wells Fargo Foundation.
• Allivate Impact CapitalminorImplementation/ SI/ Consulting Partner · 7 October 2025Allivate Impact Capital selected Broadstreet Impact Services as fund administrator for the new Allivate Employee Ownership Fund supporting business owners with succession planning.
• LISC Fund ManagementcoreStrategic or Co-development PartnerWholly-owned subsidiary of LISC that manages and deploys impact capital into businesses and real estate investments in under-resourced communities. Works with impact-focused investors from corporations to philanthropy to government.
• National Equity Fund, Inc. (NEF)coreStrategic or Co-development PartnerNonprofit, Chicago-based affiliate of LISC and leading syndicators of Low Income Housing Tax Credits. Bridges the gap between investors and nonprofit developers. $12.4 billion invested in housing since 1987.
• Broadstreet Impact ServicescoreStrategic or Co-development PartnerWholly-owned subsidiary of LISC (formerly New Markets Support Company) that invests and helps partners invest in creative financing solutions. Has invested more than $1 billion in underserved communities.
• Community Development Trust (CDT)minorStrategic or Co-development PartnerFirst private real estate investment trust with a public purpose specializing in affordable housing. Created in 1998 with initial capital investment from LISC. Not an affiliate of LISC.
• Annie E. Casey FoundationminorStrategic or Co-development PartnerFinancial Opportunity Center model based on a model developed by the Annie E. Casey Foundation.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• CNote: Fintech impact investing platform channeling individual and institutional capital to CDFIs nationwide. Comparable as a more digitally-native, emerging competitor in distributing impact fixed-income products to retail and institutional investors.
• ImpactAssets: Donor-advised fund and impact investing platform with the ImpactAssets 50 list, which LISC is on. Comparable as a nonprofit intermediary creating impact investment products and providing a recognized standard for impact fund managers like Broadstreet.

Broad incumbents

• SS&C Technologies: Large global financial services software and fund administration provider serving asset managers, hedge funds, and alternative investment vehicles. Comparable as the broad incumbent fund administrator whose services compete with Broadstreet's $2.3B AUA fund administration business.

Direct peers

• Calvert Impact Capital: Nonprofit impact investing intermediary managing community investment notes and capital pools for community development financial institutions globally. Directly comparable as a mission-aligned fixed-income impact product issuer and fund intermediary.
• RSF Social Finance: San Francisco-based nonprofit financial services organization providing loans, grants, and social investing instruments to social enterprises. Comparable as a similarly structured nonprofit financial intermediary with fixed-income impact notes and integrated capital solutions.
• Opportunity Finance Network: National CDFI intermediary and membership organization supporting hundreds of CDFIs with capital, policy advocacy, and research. Relevant peer as the sector infrastructure body that channels federal CDFI Fund awards and convenes the broader CDFI ecosystem Broadstreet operates in.
• The Reinvestment Fund (TRF): Philadelphia-based CDFI that lends and invests in disinvested communities across housing, education, health, and economic development. Highly comparable as a fellow mission-driven financial institution deploying catalytic capital with NMTC and LIHTC expertise.
• Capital Impact Partners: National CDFI providing capital and capacity building to under-resourced communities, focused on affordable housing, healthcare, education, and economic development. Operates a similar integrated lending-equity-grants model and serves as direct comparable for impact fund deployment.
• Self-Help / Center for Community Self-Help: Durham-based CDFI network providing responsible lending to low-income borrowers and financing for affordable housing and community facilities. Comparable as integrated CDFI combining credit union, nonprofit lender, and venture capital arms for community impact.
• Coastal Enterprises, Inc. (CEI): Maine-based CDFI that finances small businesses, natural resource industries, and community facilities in underserved regions. Comparable in mission focus, fund management capabilities, and integrated approach to community economic development lending.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LISCNewMarkets
• LinkedInlinkedin.com/company/new-markets-support-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 New Markets Support Company