Ownership stake · Adviser / wealth-management
Capital Impact Advisors, LLC
Transaction overview
Status: Reported completed
Exact closing date not established.
The Pentegra Defined Benefit Plan for Financial Institutions received a 25% equity stake in Capital Impact Advisors, LLC in February 2014 in exchange for seeding the ERShares US Small Cap Fund and ERShares US Large Cap Fund. EntrepreneurShares Series Trust reported the transaction in its October 28, 2021 prospectus, which specifies the month but not an exact completion day.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- EntrepreneurShares Series Trust — Prospectus, October 28, 2021 ↗
EntrepreneurShares Series Trust (SEC filing) · Published Oct 28, 2021
The Management of the Funds section identifies Capital Impact Advisors, LLC and reports Pentegra DB Plan’s 25% equity stake received in February 2014 in exchange for seeding the two named ERShares funds.