The Black Economic Development Fund
Reaches $250 Million &
Makes its First Investments

ABOUT BEDF

 

The Black Economic Development Fund (BEDF) is an impact investment fund built specifically to address economic challenges in the black community and to help close the racial wealth gap. The fund targets Black-led financial institutions, Black-led businesses,  and Black-led anchor institutions with the goal of growing these organizations and strengthening their contributions to the Black community. The funds deployment strategy is industry agnostic and will deploy capital across a diverse set of borrowers and geographies in the US.