Raising Debt & Equity from External Sources

Posted by on September 12, 2011

Raising Debt & Equity from External Sources webinar to be presented Thursday, September 15 @ 1:00 p.m. EST.

Michael Swack, presenter
Come participate in this online webinar that is part of the CDFI Fund’s Capacity Building Initiative.  It will be hosted by NeighborWorks America and the Carsey Institute at the University of New Hampshire.  The webinar will be conducted live, with ample time after the presentation to answer all questions posed by participants.  E-mailed follow-up questions will also be answered……

Description
The primary focus of this webinar is on which funding  sources and mechanisms will provide sources of capital for CDFIs in the near term and why. The Team will also focus on what the CDFI can expect in the context of pricing, terms and conditions. This webinar covers:
·Banks: the nature of their business and the regulatory and profit constraints under which they operate that impact the ability to assist CDFIs.

·Major participants in the capital markets: banks, credit unions, insurance companies, pension funds, GSEs, MI firms.

·Alternative sources of capital available to CDFIs including pension funds, endowments (e.g. University endowments), Program Related Investments, individual investors, and other institutional investors (e.g. religious institutions.)

·Explanation of basic financial concepts and terminology that these entities utilize in evaluating and discussing investment opportunities (e.g., LIBOR, Prime rate, borrowing base, IRR, NPV, liquidity risk, concept of investment tranches, credit enhancement, etc.).

·Financing vehicles: bonds, securitization, commercial paper, and insurance.

·Current state of the markets and how that affects various sources

·Progress of CDFIs in expanding financing options and the remaining impediments (e.g. need for standardized reporting and analytics, and economies of scale).

·Financing vehicles that make the most sense for CDFIs in the current environment: participations, loan pools, sales to secondary markets, PRIs, Co-operatives, EQ2.  Examination of the pros and cons of each source and which sources make most sense for CDFIs based on their size, experience and history.

The bulk of the information in this webinar will draw from the relationships that members of the Team have with financial institutions and participants in the capital markets. The Team will also use materials from the Orientation to the Capital Markets, the conferences set up by the Federal Reserve Banks and the Financial Innovations Roundtable and presented at Federal Reserve Banks around the country.  These materials include definitions, tools, structures, and “how-to” methodologies for the range of potential funding activities in the conventional and capital markets.  The Webinar will also draw heavily on the new book, CDFIs, Capital Markets and Organizational Credit Risk, recently published by the Carsey Institute.

Sign up:
Click on the following link to register for this webinar:
http://www.carseyinstitute.unh.edu/CDFI-webinars.html

For more information about the Capacity Building Initiative and other CDFI Fund programs, please visit http://www.cdfifund.gov

Contact Jack Northrup w/any questions.  [email protected]