Vice President, Fund Development

Local Initiatives Support Corporation
sick time, tuition assistance, flex time, 401(k), 403(b)
United States, D.C., Washington
May 12, 2025
LISC is one of the country's largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities. About LISC Fund Management LISC Fund Management (LFM) leads the design, development, and deployment of impact investment funds in LISC's local markets nationwide. LFM employs an "impact first" investment methodology that optimizes the impact on the communities we care about while achieving sustainable risk-adjusted returns for investors. The unique power of LISC's local office presence combined with the strength of our national investment expertise is a powerful combination for creating real impact in the communities we serve. This network requires careful coordination between LFM, the LISC Local Offices, and other stakeholders within LISC. While many groups within the LISC organization support fund management activities, the LFM team is ultimately responsible for ensuring a successful track record for LISC's off balance sheet fund investments. Visit us at www.liscstrategicinvestments.org About This Role As Vice President of Fund Development, you are a seasoned fundraising executive who thrives on building relationships and finds purpose in mobilizing capital for social good. You'll combine your passion for impact investing with your proven ability to connect with institutional investors across the country. This role is ideal for a dynamic professional who energetically pursues new capital relationships while thoughtfully nurturing existing ones. You'll spend much of your time (50-60%) traveling nationwide, meeting face-to-face with investors who can help scale our $840M+ platform that's transforming communities through affordable housing and small business lending. We're seeking someone who brings both sophisticated financial acumen and authentic relationship-building skills to institutional fundraising. Your ability to articulate complex investment opportunities, lead detailed due diligence discussions, and connect investment strategies to measurable impact will be crucial. Whether you're presenting to a foundation investment committee in San Francisco, leading a site visit with a family office in Boston, or walking an insurance company through due diligence in Chicago, you'll be the key ambassador for our funds and mission. If you're an accomplished investment professional who combines fortitude with strategic vision, who energetically builds relationships while managing a high-performing team, and who is driven by the opportunity to scale impact through institutional capital, we want to hear from you. Your proven track record of raising institutional capital, coupled with your commitment to community development, will help us expand our reach and deepen our impact across the nation. This role offers the opportunity to directly influence how institutional capital can drive positive change in underserved communities. Your expertise in relationship management and capital raising will be instrumental in growing our platform while maintaining the trusted partnerships that are core to our success. Responsibilities Investor Relations and Capital Raising (40%) Lead nationwide investor engagement through extensive travel to key markets Conduct in-person meetings with current and prospective investors Present fund opportunities and lead due diligence discussions Develop and maintain relationships with institutional investors, family offices, and other capital sources Guide creation of investment presentations and due diligence materials Strategic Leadership (25%) Develop and implement comprehensive capital raising strategy Set fundraising targets and investor engagement approaches Create territory management plans for national coverage Lead strategic planning for market expansion Team Leadership (15%) Lead and mentor the Senior Director of Business Development and team Coordinate travel schedules and investor coverage Set performance goals and conduct regular evaluations Foster a culture of excellence in investor relations Market Analysis and Pipeline Management (10%) Monitor market trends and investor preferences Maintain active pipeline of prospective investors Track investor engagement and conversion metrics Stay current with impact investing developments Stakeholder Management (10%) Report to President and Board on capital-raising activities Collaborate with Fund Design and other departments Represent organization at industry conferences Coordinate with internal teams to support investor needs QUALIFICATIONS Bachelor's degree in Finance, Business Administration, or related field from an accredited college or university; MBA or similar advanced degree strongly preferred. Or requisite relevant work experience. Minimum fifteen (15) years of experience in fund management, business development, or investment banking, with at least ten (10) years in a senior leadership role, preferably in impact investing or community development finance Proven track record of successfully designing and launching investment products, with experience in funds exceeding $800 million in assets under management Demonstrated expertise in capital raising, with a history of securing investments from institutional investors, government grants, and other significant capital sources Strong understanding of impact investing principles and practices, with a commitment to community development and social impact finance Exceptional strategic thinking skills with the ability to develop and implement long-term business growth strategies Excellent leadership skills with experience managing and mentoring senior-level executives (three direct reports) and overseeing larger teams (10 professionals) Proven ability to build and maintain relationships with high-level investors, partners, and industry stakeholders Strong marketing acumen with experience in brand management and positioning of financial products Expertise in market analysis and product development within the fund management or impact investing space Excellent communication skills, including the ability to articulate complex financial and impact concepts to diverse audiences Collaborative leadership style with the ability to inspire and motivate cross-functional teams Familiarity with various impact measurement frameworks and ability to align financial products with social and environmental outcomes Knowledge of regulatory environments related to fund management and impact investing Experience with innovative fund structures and financial instruments in the impact investing space Proficiency in CRM systems, financial modeling software, and data analytics tools Demonstrated success in implementing organization-wide strategic initiatives and driving innovation Strong ethical standards and commitment to responsible finance practices Adaptability and resilience in navigating changing market conditions and investor preferences Visionary leadership style with a track record of driving organizational growth and expanding market presence Passion for economic development and closing the racial wealth gap, with a strong commitment to the organization's mission and values Flexible schedule to accommodate investor meetings and coast-to-coast travel Experience managing a national territory and investor relationships Comfort with frequent travel and maintaining productive workflow while on the road SALARY LISC offers a competitive salary ($191,400-$239,200) and excellent fringe benefits. This position is expected to travel 50-60% annually. *Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Our benefits include: Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being;Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals. LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances. We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.