How an Innovative Grant Catalyzed Investment Capital to Bring Health Care to Vulnerable Populations
Resource type: Case Study
Arabella Advisors |
This case study describes how Atlantic partnered with impact investing specialists at Arabella Advisors to help Vital Healthcare Capital (V-Cap), a community development financial institution. Atlantic’s grant enabled V-Cap to expand its capacity to support health care providers that serve low-income and vulnerable communities in the United States and enhance the roles of frontline workers who deliver that care.
The $12.5 million grant from Atlantic, which Arabella helped design and monitor, provided capital that V-Cap used to grow from a small organization to one with a $30 million pool of capital. The grant was in the form of “first loss capital” — an investment on which the foundation takes the first loss in order to enable V-Cap to move through its startup phase and attract additional investment. As a result, V-Cap can sustain its operations for years into the future and is better positioned to provide financing for high quality healthcare providers that serve low income communities.
Vital Healthcare Capital is an Atlantic grantee. Atlantic commissioned this case study.