Celebrating a year filled with new opportunities

2023 was a year of new opportunities

At the top of last year, we released Candide Group’s first public Impact Report, centering on storytelling, collaboration, and experimentation.
By the spring, Olamina was proud to complete their first phase, successfully directing over $40M in non-extractive loans to rural communities, the Deep South, and Indian Country.
In November, we closed the first round of our new Afterglow Climate Justice Fund, a discretionary debt vehicle that will direct capital to communities in the US most impacted by climate change and the people developing and building solutions.
And throughout the year we took time to celebrate our wins — including most recently at Candide’s 10th anniversary gathering in Oakland.

Candide team members celebrating our 10-year anniversary (from left to right: Leslie Lindo, James Pippim, Morgan Simon)

After spending time with loved ones, we have much to be excited about in 2024. In the meantime, we invite you to check out more about this last season of our work and news from our community below. From the Candide team to you and yours: have joyous, healthy, and peaceful holidays ahead.

Recent Investments By Candide Clients

View our list of past specific recommendations for the last 12 months. For more information about Candide, please see our Form ADV, Part 2A .

Komaza*

Komaza is a non-profit social enterprise committed to reducing rural poverty by connecting smallholder farmers with high-value markets.

Employee Opportunity Catalyst Fund

The national Employee Ownership Catalyst Fund supports businesses throughout the US that want to transition to employee ownership and need capital to finance the transition and transaction.

Firebrand PBC*

Born and raised in the East Bay, Firebrand is committed to serving the community both as an employer and as a local artisan bakery. Firebrand is committed to hiring formerly incarcerated and homeless people. The investment was designed to include workers in profit sharing alongside investors and to transfer partial ownership of the company into a Purpose Trust to ensure long-term mission preservation.

Groundcover by The Guild

Groundcover is a project incubated, developed, and anchored by The Guild. It is a social enterprise transitioning to 100% people of color-owned and led.

View Our Full Portfolio

* denotes a follow-on investment

Portfolio News

How PosiGen is Making Solar Accessible to Working Families

in USA Today

Apis & Heritage Capital Partners completes third Employee-led Buyout (ELBO), transitioning Blooming Nursery into 100% Employee ownership

in Yahoo Finance

MaC Venture Capital Hires TCG veteran Jennifer Randle as its first chief operating officer

in Business Insider

From Our Community to Yours

Candide's Afterglow Climate Justice Fund Secures $36 million to lend in frontline communities

In Impact Alpha

"Building Community Wealth"

Road 2 Repair podcast episode with Leslie Lindo

Sustainable Shopportunities for This Holiday Season

by Morgan Simon

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View our list of past specific recommendations for the last 12 months. For more information about Candide, please see our Form ADV, Part 2A .

Disclosure: The information contained in this document is intended for educational and information purposes only and should not be considered investment tax or legal advice or a recommendation to buy or sell any particular security. Please consult with your tax and legal advisors regarding your particular circumstances.Certain statements contained herein may constitute projections, forecasts, and other forward-looking statements, which do not reflect actual results and are based primarily upon a hypothetical set of assumptions applied to certain historical financial information. Certain information has been provided by third-party sources, and, although believed to be reliable, it has not been independently verified, and its accuracy or completeness cannot be guaranteed.Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as of the date of this document and are subject to change.The investment discussed herein have been included based on the following methodology: all investments Candide Group has facilitated on behalf of our clients since the publishing of our last all-network newsletter, and investments with recent public news events. For a complete list of all investments, please click the “list of past specific recommendations for the last 12 months” link above. The views and opinions are those of the author as of the date of publication and are subject to change at any time. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Candide Group is under no obligation to update this information after the date of this publication.Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses like those achieved in the past, or that significant losses will be avoided. An investor should consider the investment objectives, risks, charges and expenses of any financial product carefully before investing. Investing involves various risks, including loss of principal. Charts and graphs provided herein are for illustrative purposes only. For more information about Candide, please see our Form ADV, Part 2A.