Increasing access to capital in low- and moderate-income minority communities

MDI KEEPER’S FUND

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Company Overview

The MDI Keeper's Fund, a national CRA-Social Impact, Minority Depository Institution Capital Fund, was launched in 2020 by Legacy Two Advisors, LLC. This private equity fund provides Tier 1 capital to minority depository institutions (MDIs) across the United States, and to small businesses that provide services to these institutions. 

Our fund is led by a team of professionals in the financial services industry, with solid partnerships and years of experience managing MDIs and private equity funds. Our purpose is to promote community development by providing capital and expertise to minority-owned or operated banks, savings associations, and holding companies that primarily serve low- and moderate-income (LMI) areas.

Strategies That Work

Proven Solutions for Sustainable Growth and Community Impact through Investing in Minority Depository Institutions (MDIs): an MDI is defined as any depository institution where 51 percent or more of the voting stock is owned by minority individuals.

Footnote: Minority as any "Black American, Asian American, Hispanic American, or Native American." The voting stock must be held by U.S. citizens or permanent legal U.S. residents to be counted in determining minority ownership.

  • Our networks and operating expertise are dedicated to transforming legacy institutions into leading banks.

    • Our ability to create market leaders is rooted in industry relationships. We provide operational insight that drives margin expansion, market knowledge that forges a path toward product leadership, and we facilitate unique acquisition opportunities.

  • Our strategy and social impact partnerships deliver sustained opportunities for MDIs and their customers.

    • We leverage partnerships that include technology service providers for product innovation, including small businesses and nonprofits that can provide services to the MDIs to help them scale.

  • MDI Keeper's Fund strategy aligns with new Opportunity Funds, which provides access to capital gains tax relief to mobilize capital in LMI tracts.

    • With capital from Opportunity Funds that fuel economic development in LMI tracts, the need for MDIs is greater than ever. We will fuel bank capital to ensure that investments in those communities are realized.

Exit Visibility

We invest in institutions capable of becoming $1B+ platforms.

Operational Transformation

Our experienced team provides key strategy and operational upgrades to growth margins.

Network Leverage

Our vast industry relationships create proprietary transactions and assure a strong trajectory.

News & Industry Insights

  • NFP Invests $1 Million in MDI Keeper's Fund

    NFP Invests $1 Million in MDI Keeper's Fund, L.P. to Support the Advancement of Economic Equity

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  • Woodforest National Bank Invests in MDI Keeper's Fund

    Woodforest National Bank Invests in MDI Keeper's Fund Supporting its Mission to Eliminate Racial Wealth Gap

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  • Next City: The Bottom Line

    This Investment Fund Wants To Close The Racial Wealth Gap In Community Banking

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  • American Banker: Diversity & Equality

    How a Black-owned bank went from 'life support' to 'explosive growth'

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