Orrick Herrington & Sutcliffe LLP advised Open Road Alliance on the launch of its Open Road Impact Fund.
Open Road Alliance (Open Road), the market-leading organization dedicated to keeping impact on track by helping social entrepreneurs bridge short-term financing gaps, announced the launch of the Open Road Impact Fund (Impact Fund). The Impact Fund will provide short-term bridge loans to social impact organizations that run into unexpected obstacles on their path to scale, thereby ensuring that these businesses survive and thrive.
Open Road is raising $40 million from family offices, foundations, high-net-worth individuals and impact-first investors for the Open Road Impact Fund, which will provide loans ranging from $100,000 to $1 million to social impact organizations located primarily in Africa, U.S., Latin America, and South Asia.
Open Road Alliance is a market-leading organization dedicated to keeping impact on track by helping social entrepreneurs and nonprofits bridge financing gaps.
The Orrick team included Quinn Moss (Picture), Perry Teicher, Sean Carfi, Bill Haft, John Narducci and Meredith Dawson.
Law Firms: Orrick;
Clients: Open Road Alliance;