"The Manhattan West Community Investment Fund will draw a clear line between its investments and job creation – exactly the kind of vehicle our funders and investors are seeking." Roberto Barragan, Senior Managing Director, Manhattan West Asset Management
Los Angeles, CA (PRWEB) May 25, 2017
Manhattan West Asset Management’s new small business lending platform, the Manhattan West Community Investment Fund (MWCIF), announced its first loan closing today with Joyce Azria, for her new fashion line, Avec les Filles. The support of MWCIF helped the millennial-targeted fashion and accessories label officially launch both online and in Macy’s stores.
"We are excited about our first investment and very proud to support Joyce Azria, her new company and the creation of more than 75 new jobs in LA County,” said Roberto Barragan, Senior Managing Director of the Fund. "The Manhattan West Community Investment Fund will draw a clear line between its investments and job creation – exactly the kind of vehicle our funders and investors are seeking."
The Manhattan West Community Investment Fund was established by Roberto Barragan and Lorenzo Esparza in 2016 to serve as a socially responsible lending platform that seeks to provide access to capital for businesses that create jobs and opportunities for low to moderate income communities. The MWCIF is currently seeking to grow their minority focused lending platform through financial institutions seeking to fulfill their CRA obligations. Manhattan West Asset Management is a Latino owned financial services firm, one of the few in the country, providing full service investment management for private clients and institutions.
“I’m grateful to the Manhattan West Community Investment Fund and its partners, Roberto Barragan and Lorenzo Esparza, for their financial support and for selecting Avec les Filles in the opening round to launch their new lending platform,” said Azria. “With this financing, Avec les Filles will continue to scale with an online presence and 155 shops within Macy’s.”
For media inquiries, contact Lisa Winkle at 818.415.3919 or lwinkle.services(at)gmail(dot)com.
About Manhattan West Asset Management
Manhattan West Asset Management is an independent Registered Investment Adviser headquartered in Manhattan Beach, CA. The firm provides exceptional client service for ultra-high net worth and institutional investors. Well known individuals from the world of business, sports, music and entertainment as well as public and private pension funds, endowments, and foundations trust Manhattan West with their investment capital. The firm is a Latino owned full service investment and lending platform led by Lorenzo Esparza, veteran financial service professional. For more information, visit: http://www.mwestasset.com.
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About Avec les Filles
Avec Les Filles (“with the girls” en Français) is a hybrid contemporary lifestyle brand with a playfully sophisticated, French aesthetic. Connecting an achievable price point and an aspirational design, Avec Les Filles is the manifestation of designer Joyce’Azria’s experience and intuition about the complex millennial consumer. Launched in February 2017, Avec les Filles offers women’s ready to wear, shoes, outerwear and fine jewelry and will be expanding into handbags, hosiery, contemporary jewelry and other categories in in the next few months. The brand’s mission is to cut through the noise and provide positive inspiration and a grounding voice to the millennial woman. For more information please visit aveclesfilles.com.
Avec les Filles Media Contact:
LJ Public Relations