FEATURED PORTFOLIO COMPANY Access Capital Strategies

Context

A registered investment advisor since 1997, Access Capital Strategies has over $600M in assets under management and more than 130 institutional investors. A nationally recognized pioneer in the community development investment field, the firm helps transform underserved inner city communities with creative financial products that reward investors. Portfolios are managed so that bank investors earn investment and community development credit under the Community Reinvestment Act. Other institutional investors can invest in their own communities and earn market rate returns.

Advisory Need

Unexpected changes in its market and competitive environment presented two substantial opportunities for Access Capital. Next Street conducted a detailed analysis of strategic options and recommended a course of action likely to enhance the company’s profitability and growth.

Financing Need

Access Capital is seeking $1M to $3M to recapitalize the business and make select investments to support the recommended growth strategy.

Impact to Date

Next Street’s recommendations have had a significant impact on Access Capital’s bottom line. Implementation of Next Street’s recommendations is generating an incremental $400,000 in annual profit over the first 12 months and substantially more as the company grows.

Looking Ahead

Access Capital plans to engage a strategic partner to support execution of its long-term growth plan. The goal is to double assets under management within just a few years.