MAYCOMB VENTURES, LLC

Thesis

Maycomb Capital is an impact investing firm founded in 2016 and headquartered in Brooklyn, New York. The firm focuses on transforming underserved communities across the United States by providing mission-aligned debt capital to social enterprises and outcomes-based programs. Their investment thesis centers on outcomes-based financing, where financial success is directly correlated with social impact. Maycomb Capital's core strategy revolves around 'outcomes financing' or 'pay-for-success' models, providing flexible debt to service providers (nonprofits and social enterprises) who enter into outcomes-based contracts, primarily with government entities. The firm's investments are designed to align stakeholders around achieving measurable social impact, with government entities repaying investors based on demonstrated outcomes. This approach aims to improve the efficiency of government spending on human services. Maycomb Capital focuses on three core impact areas: early childhood, workforce development, and health equity. They also invest in stable and affordable housing, healthcare access and affordability, and broader social services. Maycomb Capital provides debt financing and also has expertise in early-stage equity. As of 2023, Maycomb Capital managed approximately $139.5 million in assets under management (AUM). The firm operates multiple funds, including the Community Outcomes Fund, which is described as the largest outcomes financing fund in the United States. The Community Outcomes Fund raised $53 million in 2018. Maycomb Outcomes LLC has an AUM of $139.5 million as of 2023. For its Community Outcomes Fund II, the target fund size is $100 million, with $65.5 million closed as of October 2024. The target return for this fund is a 6.5% net IRR. The Educational Resources Impact Fund prefers investments ranging from USD 1 million to USD

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