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Traverse City, MI

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Overview & Introduction to L3Cs

Thursday, Aug 22, 2013 8:00a

The L3C is a for profit venture that under its state charter must have a primary goal of performing a socially beneficial purpose, not maximizing income. The L3C facilitates Program Related Investments (PRIs) by foundations and facilitates tranched investing with the PRI usually taking the first risk position, thereby taking much of the risk out of the venture for other investors in lower tranches. It essentially turns the venture capital model on its head and gives many social enterprises a low… Show more

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