At Lancor, we believe in taking advantage of opportunities to think beyond the business we do and give back in a broader way. That’s why we are proud to announce a brand new Lancor initiative, The Private Equity Pledge.
We know firsthand that private equity-backed businesses create jobs and fuel growth in their communities. Private Equity portfolio companies are driving job growth in many of the small and medium sized regions around the United States. Their business reach extends far beyond our big cities and to many amazing small towns. That’s great news and key to understanding the positive impact of this industry. This year, however, we decided we want to go one step further and think about how we can support the communities where we do business in a more meaningful way.
The COVID-19 pandemic has caused us all to be more local than ever. The Private Equity Pledge was born to prove that supporting our communities has never been more important. It is important to us. It is important to our partners. Going forward, when Lancor closes an executive-led, deal with our Private Equity clients, we will donate a pool of capital to a local charity chosen by the portfolio company. By having each new portfolio company choose the charity, it allows us to support organizations we wouldn’t otherwise have known. We believe this provides a real connection and deeper understanding of our newly shared communities.
This is The Private Equity Pledge. We are all excited to give back to the people and the industry that has given us all so much. There are so many caring individuals in this profession and we look forward to showcasing this fact with you all in 2021. Stay tuned for a spotlight on some of the organizations we will be donating to this year.