Chicago, Illinois – October 1, 2018 – Arctaris Impact Fund, LP, is pleased to announce that Benjamin J. Bornstein has joined the Fund as a Managing Director. Arctaris Impact Fund, LP provides capital to profitable, growth-oriented businesses in underserved regions throughout the U.S., including federally designated Opportunity Zones, with an emphasis on inner cities and targeted rural communities.
As Managing Director of Arctaris, Ben will focus on fund structuring, investment evaluation, and investor development, leveraging his more than 25 years of financial services experience, in senior investment roles both domestically and internationally. He also served as President of Prospero Capital Management, an investment adviser based in Chicago. Prior to Arctaris, Ben served as CEO of Imerman Angels, the world’s largest support network for cancer fighters, survivors, and caregivers. He previously worked as a partner and portfolio manager at Omega Advisors in New York and covered the U.S. portfolio for the global fund products of Orbis Investment Management in London and Bermuda. He has a strong background in evaluating management teams, financials, and strategies for developing products.
“Ben further strengthens our team of proven investment professionals at Arctaris,” commented Jonathan Tower, Managing Partner of Arctaris Funds and Arctaris Impact Fund, LP. “Arctaris will not only benefit from Ben’s proven 25+ year track record in the alternative investment space, but also his legal acumen and learning agility. We are thrilled to have Ben join Arctaris and know that he will be a valuable addition supporting our efforts to provide growth capital to underserved and underbanked businesses.”
“I am excited to join an experienced and talented team at Arctaris dedicated to Economic Development and Impact Lending of underserved and underbanked communities nationwide” said Ben Bornstein. “Arctaris is providing an invaluable service to companies in these communities, after bank lending dropped precipitously in these areas following the severe economic downturn in 2008-09. I look forward to contributing to the firm’s long track record of success and rapidly developing our presence in Chicago and new markets nationwide.”
Ben graduated from Harvard Business School with high distinction as a Baker Scholar, Harvard Law School as part of the JD/MBA program, and magna cum laude from Princeton majoring in Economics. He also received the John Loeb Award and Sheridan Logan Fellowship at Harvard Business School.
Ben’s philanthropic interests include Lurie Cancer Center, Board 39, Mott Children’s Hospital, Above and Beyond, H Foundation, PAWS Chicago, Mercy for Animals, and Harvard Alumni Entrepreneurs (HAE).
Please visit www.arctarisimpact.com or phone 313-821-7706 for more information on Arctaris Impact Fund, LP.