LISC Strategic Investments

What LISC Strategic Investments does

LISC Strategic Investments (doing business as LISC Fund Management, or LFM) is an SEC-registered investment adviser and a wholly-owned subsidiary of Local Initiatives Support Corporation (LISC). The firm builds and manages mission-driven impact investment funds on behalf of private, public, and philanthropic investors, matching capital to geographic targets in communities across the United States. As of December 31, 2025, the firm reports $598 million in assets under management deployed across nine specialized vehicles spanning affordable housing — including the Cleveland Housing Investment Fund, Charlotte Housing Opportunity Investment Fund (CHOF), Detroit Housing for the Future Fund (DHFF), Dallas Housing Opportunity Fund (DHOF), Partnership for the Bay's Future, and the National Strategic Investments Impact Fund (NSIIF) — and small business capital via the Entrepreneurs & Opportunity Community Loan Fund (EOCLF), New York Forward Loan Fund (NYFLF), and Southern Opportunity & Resilience Fund (SOAR). Operations are run from 28 Liberty Street, Floor 34, New York, with field reach into local markets provided through parent LISC's community presence.

The firm's core deliverable is fund management rather than technology: LFM constructs place-based and national impact vehicles, supports underwriting and deployment in affordable housing preservation and small business lending, and reports outcomes via annual impact reports and an interactive MapMe portfolio viewer. Distribution is relationship-based and restricted: investment pools are offered only to eligible investors pursuant to official offering documents, and the firm is registered with the SEC. Revenue derives from management and advisory fees on the funds it manages, with underlying economics tied to AUM and, where applicable, fund performance; specific fee schedules are not publicly disclosed.

LFM is led by George Ashton, President. The firm maintains a small team (11-50 employees per firmographic data) and relies on the broader LISC ecosystem for local market intelligence, community relationships, and deal flow. Recent 2025 activity includes the release of the annual impact report, NSIIF closings exceeding $4 million in affordable housing financings across California and New York, and the opening of Jericho Village in Wylie, Texas as a replicable affordable housing model. The company does not disclose revenue, funding rounds, M&A, or proprietary technology in the source material.

Name

LISC Strategic Investments

Legal name

LISC Fund Management

Website

https://liscstrategicinvestments.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

LISC Strategic Investments (operating as LISC Fund Management) is an SEC-registered impact investing firm and subsidiary of LISC that builds and manages mission-driven investment funds for private, public, and philanthropic investors across the United States, with $598M AUM across affordable housing and small business strategies.

Ownership category

akta.pro rank

Product category

Impact Investment Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Loan Brokers (6163)

akta.pro primary industry

Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Impact investment funds
• Affordable housing finance
• Community development lending
• Small business loan funds
• Fund management services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Services: LISC Fund Management generates revenue through managing impact investment funds on behalf of private, public, and philanthropic investors. The firm is registered with the SEC as an investment adviser and builds vehicles that meet both financial criteria and mission goals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

LISC Fund Management builds and manages mission-driven impact investment funds on behalf of private, public, and philanthropic investors. Its portfolio includes affordable housing investment funds in Cleveland, Charlotte, Detroit, Dallas, and the San Francisco Bay Area; the national-level National Strategic Investments Impact Fund (NSIIF); and small business loan funds (EOCLF, New York Forward Loan Fund, Southern Opportunity & Resilience Fund). The firm operates as an SEC-registered investment adviser and leverages the local presence of its parent company, Local Initiatives Support Corporation (LISC).

Product overview

LISC Fund Management operates as a fund management platform offering a portfolio of distinct impact investment funds rather than a unified software product. The company manages multiple specialized funds across three core categories: Affordable Housing Funds (targeting specific cities including Cleveland, Charlotte, Detroit, Dallas, and the San Francisco Bay Area, plus a national fund), Small Business Funds (including regional funds for entrepreneurs in New York and the Southern U.S.), and National Strategic Investments. All funds are managed through a unified fund management platform that leverages the local presence of parent company Local Initiatives Support Corporation to create economic opportunity in communities nationwide. The company reports $598 million in assets under management as of December 31, 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Cleveland Housing Investment Fund An affordable housing investment fund focused on Cleveland, Ohio, providing financing to preserve and develop affordable housing units in the Cleveland market. It is offered to eligible investors pursuant to official offering documents.
• Charlotte Housing Opportunity Investment Fund (CHOF) An affordable housing investment fund targeting Charlotte, North Carolina, aimed at preserving affordability and community spaces in the Charlotte market for eligible investors.
• Detroit Housing for the Future Fund (DHFF) An investment fund dedicated to affordable housing development and preservation in Detroit, Michigan, offered to eligible investors.
• Dallas Housing Opportunity Fund (DHOF) An affordable housing investment fund serving Dallas, Texas, focused on expanding housing access in the Dallas market for eligible investors.
• Partnership For The Bay's Future A regional investment initiative focused on affordable housing in the San Francisco Bay Area, offered to eligible investors.
• National Strategic Investments Impact Fund (NSIIF) A national-level impact investment fund that makes strategic investments in affordable housing and community development across the United States, deployed to eligible investors through offering documents and reported in aggregate impact reporting.
• Entrepreneurs & Opportunity Community Loan Fund (EOCLF) A small business loan fund providing capital to entrepreneurs and businesses in underserved communities through community-based lending.
• New York Forward Loan Fund (NYFLF) A small business loan fund supporting New York-based businesses and entrepreneurs in underserved communities across the state.
• Southern Opportunity & Resilience Fund (SOAR) A regional small business fund serving the Southern United States, providing loans and support to entrepreneurs in underserved communities across the region.
• Fund Management Services Core investment advisory and fund management services, including building and managing impact investment funds for private, public, and philanthropic investors; delivered under SEC investment adviser registration.

Quantifiable outcome

• $4+ million in financing closed through NSIIF to preserve affordable housing and community spaces in California and New York

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Local Initiatives Support Corporation (LISC)flagshipStrategic or Co-development PartnerLISC Fund Management is a wholly-owned subsidiary of LISC. The firm leverages LISC's local presence and community relationships across the United States to identify and execute impact investments.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• ImpactAssets: Impact investing donor-advised fund platform and fund manager that builds and manages pooled impact investment vehicles for accredited investors and foundations; directly comparable in building and managing impact funds.
• Calvert Impact Capital: Community development financial institution that manages impact investment funds across housing, small business, and community infrastructure for institutional and retail impact investors; directly comparable mission and fund model to LFM.
• RSF Social Finance: Nonprofit financial services organization managing pooled impact investment funds focused on social enterprises, food and agriculture, and community development; comparable pooled impact fund structure.
• Enterprise Community Partners: National nonprofit operating impact funds and community development financing vehicles focused on affordable housing preservation and community equity; comparable mission-driven fund platform.
• Capital Impact Partners: National CDFI providing capital and structuring impact investment funds for affordable housing, healthy food access, and community development; directly comparable in CDFI-led impact fund management.

Others

• CDFI Coalition: Industry association representing CDFIs and impact lenders; relevant as the broader ecosystem and policy voice for LFM's regulated, impact fund management activities.
• Kresge Foundation Impact Investing: Major foundation that invests program-related and mission-related investment capital alongside impact fund managers; relevant as a fellow institutional impact investor and potential LP/partner.

Broad incumbents

• Prudential Impact Investments: Large incumbent asset manager with a dedicated impact and community development investing platform deploying institutional capital into affordable housing and impact strategies; broader portfolio but overlapping strategies.
• JPMorgan Chase Impact Finance: Large bank-affiliated impact and community development finance group investing in affordable housing, small business, and underserved markets; incumbent competitor for institutional impact mandates.

Emerging players

• The Opportunity Zone Finance Funds (e.g., EDA/JFF): Place-based impact investment funds deploying into opportunity zones and underserved communities for affordable housing and small business; partial overlap with LFM's local and national strategic investment funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/LISC_HQ
• LinkedInlinkedin.com/company/lisc-strategic-investments
• Instagraminstagram.com/lisc_hq/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 LISC Strategic Investments