Clear Vision Impact Fund Announces Second Closing of Inaugural Fund – Yahoo Finance

Latest Round of Commitments to Siebert Williams Shank-Affiliated Fund Includes Northwestern Mutual and PayPal
NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) — The Clear Vision Impact Fund (Clear Vision) is pleased to announce its second closing with $140 million in total capital commitments overall. Northwestern Mutual and PayPal are among the three limited partners that participated in this closing and are supporting Clear Vision’s efforts in lending to sustainable minority-owned businesses, businesses working in underserved markets, and businesses fostering inclusive growth.

"Clear Vision's investment team and limited partners are pleased to welcome our three new limited partners to the fund, including Northwestern Mutual and PayPal,” said Christopher J. Williams, principal of Clear Vision’s general partner and Chairman of Siebert Williams Shank & Co., LLC. “The support of this diversified group of organizations enables Clear Vision to continue lending to quality small businesses that meet our fund's social impact requirements. Through this lending activity, we look forward to enhancing the economic vibrancy of, and improving the quality of life in, underserved communities nationwide."

"Funds like these are important to help meet the capital needs of underserved small businesses,” said Aaron Anderson, Senior Vice President and Treasurer of PayPal. “Siebert Williams Shank and the Clear Vision Impact Fund are leading the way and we are confident this effort will have an impact on wealth creation opportunities for many diverse entrepreneurs."

“Aligned to our Sustained Action for Racial Equity initiative, we are pleased to invest in the Clear Vision Impact Fund which deepens our commitment to closing the racial wealth gap and eliminating systemic barriers to capital access,” said Ray Auth, Vice President, Investment Strategy at Northwestern Mutual.

“Diverse entrepreneur-led firms often find themselves in situations with attractive growth opportunities, but limited opportunities to execute on those plans due to capital constraints from both traditional and non-traditional debt sources,” said Kyle C. Sligar, Chief Credit Officer and Portfolio Manager of the Clear Vision Impact Fund. With the Clear Vision Impact Fund, we aim to change this dynamic by providing much needed flexible capital to our portfolio companies to make a lasting, positive impact.”

To date, Clear Vision has provided loans to African American-owned businesses, including Medi-Fare Drug and Pharmaceutical Compounding Company (Medi-Fare), IT managed services provider Valeo Networks, and specialized disaster remediation/cleanup company A-1 Disaster Resources (A-1). In addition to providing loans, Clear Vision seeks to support portfolio companies by introducing them to new customers to scale into multiple markets, and helping them develop impact initiatives, among other things.

Medi-Fare is the only minority-owned 503b pharmaceutical compounding facility registered with the Federal Drug Administration as an Outsourcing Facility. Medi-Fare serves as a partner to hospitals and other healthcare providers to supply much needed medications to help improve positive outcomes for their patients and fulfill the need for the ever-growing number of medicines in shortage or backorder situations. Headquartered in Blacksburg, South Carolina, it serves a range of medical facilities and acts as a health care partner for hospital systems, surgery centers, clinics, and doctor’s offices. Learn more at

Valeo Networks is a full-service, award-winning Managed Security Service Provider (MSSP) that serves state, county, and municipal markets; small-to-medium businesses; and non-profit organizations. Firmly seated in the top 5% of revenue generating MSSPs nationwide—making it one of the largest MSSPs nationally—Valeo Networks provides solutions in the areas of cybersecurity, compliance, cloud, network infrastructure, and managed IT services. With over 20 years of industry experience, Valeo Networks is headquartered in Rockledge, FL, with additional locations nationwide. Learn more at

A-1 is an established and fast-growing disaster-response company which provides on-demand resources, services, and logistics during catastrophes. Services include large-loss restoration services, commercial construction, staffing, restoration equipment rental & monitoring, as well as time and material documenting and preparation during natural disasters such as hurricanes, tornadoes, and freezing and flooding events that cause property damage. Headquartered in Charlotte, North Carolina, A-1’s extensive experience and seasoned personnel have allowed it to create a first-of-its-kind national network and partnership program that brings together service providers, supplies, equipment and labor. Learn more at

About the Fund Sponsor

Clear Vision’s sponsor is an affiliate of Siebert Williams Shank, a leading non-bank financial services firm serving clients across industries and asset classes. It is both a minority-owned and women-owned enterprise. SWS Capital Management, an investment adviser affiliated with Siebert Williams Shank, serves as Clear Vision’s investment manager.

To learn more about Clear Vision’s first closing in March 2021, please visit the announcement here.

Thomas Butler: [email protected] / (212) 685-4600
Email: [email protected]

This press release does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful. Further, the securities being offered by Clear Vision Impact Fund, LP have not been registered under the Securities Act of 1933, any state securities laws, or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements.

Product returns remain a headache for many e-commerce companies. Aiming to give merchants more control over this, Seel, which focuses on underwriting e-commerce returns, is leveraging artificial intelligence to build proprietary underwriting software that uses hundreds of signals to predict the probability of return as soon as an order is placed, co-founder Zack Peng told TechCrunch via email. After an order is sold, merchants can add “return assurance” to that order and transfer the liability of return to Seel.
Investors are no longer patient with early-growth tech companies, especially in the electric vehicle sector.
Yahoo Finance's Brian Cheung breaks down the fourth quarter earnings results for JPMorgan Chase, Citigroup, Wells Fargo, and BlackRock.
The IBM spinoff is unattractive and unloved, but extremely cheap
Palantir (NYSE: PLTR) became famous about 11 years ago for helping the CIA find Osama bin Laden. Since its IPO in September 2020, investors have closely watched the company co-founded by the billionaire entrepreneur and venture capitalist Peter Thiel. The stock price action of Palantir since its IPO has attracted both promoters and detractors.
Part of that you can blame on Dow component stock Walt Disney (NYSE: DIS), which is taking a 3.7% tumble today. Who is Guggenheim, you ask? As reports, Guggenheim cut its rating on Disney stock this morning, and cut its price target on the shares by 20% to $165 apiece, citing a slower "pace of profit growth at the company's direct-to-consumer (DTC) and parks businesses, which is now below consensus through fiscal 2024."
Shares of southeast Asia e-commerce and video game giant Sea Limited (NYSE: SE) were down 8% today as of 1:30 p.m. ET. It deepens the sell-off the stock has suffered since October when Sea reached its all-time high. Sea has been using its highly profitable video game segment (publisher Garena, responsible for the international hit Free Fire) to invest in its e-commerce app Shopee.
The energy sector is changing, but it's a slow shift. Here are three ways to play the space and collect fat dividends along the way.
RBC Capital Markets Head of U.S. Bank Equity Strategy Gerard Cassidy joins Yahoo Finance Live’s Zack Guzman and Akiko Fujita to discuss fourth quarter bank earnings and the Fed funds rate.
Analyzing and updating your portfolio periodically is one way to ensure that it stays in sync with your investment objectives. Even after a 53% fall in one year, Plug Power stock is up 1,600% over a three-year timeframe.
The market has pretty low expectations for these stocks right now, and investors can benefit from that pessimism.
At Insider Monkey, we pore over the filings of nearly 867 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30th. In this […]
The company formally known as Square, is down about 31% since announcing its corporate entity name change to Block, on Dec. 1 of last year.
(Bloomberg) — The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingDjokovic’s Australian Visa Canceled Again in P
(Bloomberg) — JPMorgan Chase & Co. fell the most since 2020 after the company said compensation and other costs jumped in the fourth quarter ahead of an expected surge this year.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingDjokovic’s Australian Visa Canceled Again in Public InterestExpenses
Wall Street expects 2022 to be a banner year for the adoption of the metaverse, as several companies are expected to come out with hardware and software offerings that will help consumers work, play, or learn in the virtual three-dimensional world. Intel (NASDAQ: INTC), Himax Technologies (NASDAQ: HIMX), and Nvidia (NASDAQ: NVDA) are three tech stocks that could win big from the metaverse. Intel management pointed out in December 2021 that the metaverse could be the "next major transition in computing" as more people will come to rely on digital technology to "communicate, collaborate, learn and sustain" their lives.
Our call of the day from Michael Loukas, principal & CEO of TrueMark Investments, offers up 'category killers' in tech such as AI, cybersecurity and deep learning.
What happened Shares of vaccine maker CureVac (NASDAQ: CVAC) were sinking 10.8% lower as of 10:43 a.m. ET on Friday. The decline came after investment company dievini and the German government announced the signing of a revised shareholder agreement on Thursday related to their shares in CureVac.
One veteran auto analyst stakes out a bearish view on the red-hot shares of Ford.
ARK Invest went shopping on Wednesday, buying three stocks that are trading 45% to 81% below last year's highs.


Leave a Comment