New York-based Surdna Foundation, which has an endowment of $1 billion, put $5 million into DBL Partners III, the third fund from Nancy Pfund’s team, who were early Tesla and SolarCity investors.
Surdna released an internal report to share its decision-making since its 2014 commitment to make $100 million in loans, equity and investments for green infrastructure, the arts, and quality jobs for low-income people, communities of color, immigrants, and women in U.S. communities.
Surda also has invested Business Outreach Center (BOC) Network, a small business development organization in New York City.
Photo credit: Pacific Community Ventures
