Social Impact

Corporate School Grant Program

Pembrook strongly believes education is the cornerstone for success, which is why we support local schools with Pembrook’s Corporate School Grant Program. Our firm commits a portion of its profits towards local school programs since 2016 with the intention to set students up for success.

School grants include:

Midtown West High School -  P.S. 122, New York, NY
Bronx Academy of  Software Engineering, Bronx, NY
Compton High School, Los Angeles, CA
Washington Metropolitan Opportunity Academy, Washington D.C.
Los Angeles School for the Arts, Los Angeles, CA
Mount Zion High School, Atlanta, GA
Washington Elementary School, Visalia, CA
Noble Academy, IL
Bodine High School, PA
Washington Elementary School, Phoenix, AZ
Basset Street Elementary School, Lake Balboa/Van Nuys, CA
Shaker Schools Foundation, Shaker Heights, OH
Marquette School of Excellence, Chicago, IL
Collins Elementary School, Long Beach, CA
O’Keeffe School of Excellence, Chicago, IL

CRA Eligibility

REGULATORY REVIEW

Pembrook's funds have been reviewed by regulators (FDIC, OCC, Federal Reserve) as a National Bank Part 24 Investment¹

CRA SPECIFIC STRUCTURE

Subsidiary matches 100% of CRA Assets with CRA equity
Quarterly distributions and return of principal derived from CRA Assets and is senior to common equity in the Fund

SPECIFIC ASSET CRA ALLOCATION

Investor controls self-reported assessment areas for asset allocation through fund documents
Preferred CRA capital called when the CRA asset matches investor's self delineated area
Accepted methodology of allocating specific assets from a diversified national pool
Strictly controlled to prevent double counting
Investor receives CRA reports for submission to regulators

CRA INVESTMENT TEST

Each asset will be reviewed to determine that the bank's investment is more likely than not consistent with Part 24 requirements for public welfare investments, under 12 CFR 24.3. because at least one of the following applies to the bank's allocable investment(s):
- The investment primarily benefits low- and moderate-income individuals
- The investment primarily benefits low- and moderate-income areas
- The investment primarily benefits other areas targeted by a governmental entity for redevelopment
- The investment would receive consideration under 12 CFR 25.23 as a "qualified investment" for purposes of CRA

^{¹ Generally, public welfare investments under 12 CFR 24 are investments that primarily benefit low- and moderate-income (LMI) individuals, low- and moderate-income areas, or other areas targeted by a government entity for redevelopment.}

CRA PRIOR PERFORMANCE¹

PRIOR PEMBROOK FUNDS

Pembrook Community Investors (open-ended) – Commenced 2007
PCI Investors Fund II, LLC – Formed 2010; ceased operations 2017
PCI III Preferred Equity Issuer, LLC – Commenced 2016
PCI IV Preferred Equity Issuer, LLC – Commenced 2020
Over 1.8 billion in 168 total positions inception through Q4 2025

ECONOMIC PERFORMANCE¹

Total of $320 million of Common Interests across all Pembrook funds
Since 2007, over 70 quarters, all Pembrook's funds have paid each common distribution in full and on time
Common IRRs for existing and completed Pembrook funds have ranged from 8.89% to 9.55%

REGULATORY PERFORMANCE

Pembrook's previous funds have been reviewed as a National Bank Part 24 Investment²
17 bank investors
- National, Regional, State
- FDIC, OCC, Federal Reserve
100% CRA Allocations made within requested self reported assessment areas³

Footnotes:

Past performance not a guide to or indicative of future results.
www.occ.treas.gov/topics/community-affairs/resource-directories/public-welfare-investments/compendium-national-bank-part-24-investments.pdf. The information concerning National Bank Part 24 Investments is being offered to demonstrate Pembrook's experience with the CRA regulatory approval process and understanding as to which assets will qualify. It is Pembrook's intent to continue to invest Fund V Preferred Equity in assets similar to those invested in by the prior two preferred equity funds.
PCI, PCI Fund II, PCI Fund III, and PCI Fund IV Preferred Equity Issuer.

For More Information:

John Bergamini
Senior Managing Director

914-670-4356

jbergamini@pembrookgroup.com

Community Engagement

Social Impact Goals