HAN member University of Maryland Medical System (UMMS) announced that it is committing a portion of its investment portfolio to companies and funds that address economic development, food insecurity and other disparities in the communities it serves. UMMS is starting with $14 million for 11 equity and fixed income investments that represent mission-driven Community Development Financial Institutions (CDFIs) and private equity firms.
The investees have a strong presence in the state of Maryland and employ a diverse workforce with 75% either Black-led or Black and woman-led.