# Opportunity Finance Network Opportunity Finance Network is a Private Equity based in Washington, United States. ## Overview - **Organization type:** Private Equity - **Headquarters:** Washington, United States - **Region:** North America - **Address:** Washington, DC, United States - **Founded:** 1986 - **Assets under management:** Undisclosed - **Website:** ofn.org - **LinkedIn:** https://www.linkedin.com/company/opportunity-finance-network ## Regulatory record - **Reports private funds:** No ## About Opportunity Finance Network is a national network of community development financial institutions (CDFIs). It operates as a financial intermediary within the finance and investment sector, facilitating capital flow between CDFIs, investors, funders, and policymakers. OFN was founded in 1986 and is based in Washington, DC. ## Sectors - Private Credit - Community Development ## People - Harold Pettigrew — President and CEO ## Questions ### What exactly does Opportunity Finance Network do with institutional capital? OFN functions as an intermediary: it raises large-scale capital commitments from banks, foundations, corporations, and government agencies, then structures that capital into loans, grants, credit enhancements, and guarantees distributed through its network of over 400 member CDFIs. The member CDFIs retain lending autonomy—underwriting small businesses, affordable housing developers, community health centers, and charter schools—while OFN monitors portfolio performance and ensures capital reaches targeted underserved markets. This allows institutional allocators to gain CDFI market exposure without building direct lending infrastructure. ### Who is the leadership team at Opportunity Finance Network? Harold Pettigrew serves as President and CEO, having assumed the role after leading Washington Area Community Investment Fund. The organization is governed by a board of directors that includes CDFI chief executives, philanthropic leaders, and corporate partners. Key program leadership roles—including the heads of financial services, public policy, and membership—are filled by professionals with backgrounds in community development finance, Treasury CDFI Fund programs, and impact investing. ### How does OFN source deals, and does it invest directly? OFN does not originate individual loans or equity investments. Instead, it sources capital commitments from institutional partners—including large banks meeting Community Reinvestment Act obligations, corporate treasury teams, and philanthropic foundations—and deploys that capital through member CDFIs. The member CDFIs are the deal-origination engine, collectively originating tens of billions in loans annually across small business, affordable housing, and community facility sectors. OFN's role is capital aggregation, credit structuring, and network governance. ### What investment stages or loan types does OFN focus on? OFN's capital reaches borrowers across the full community-development spectrum: microloans to start-up entrepreneurs, growth capital for small businesses, construction and permanent financing for affordable housing, and long-term mortgages for community facilities like health clinics and food co-ops. The organization does not invest in venture-stage technology companies or traditional private equity. Its financing is overwhelmingly debt-based, with some program-related equity investments made by affiliated CDFIs. ### Which sectors or asset classes does OFN explicitly avoid? OFN does not finance fossil-fuel extraction, private prisons, speculative real estate development, or for-profit higher education. Its capital is mission-bound to community development use cases—small business lending, affordable rental and homeownership housing, community health centers, charter schools, food deserts, and nonprofit facilities. The organization has no direct venture capital, public equities, or hedge fund exposure. ### How does OFN's Finance Justice Fund differ from its core lending programs? The Finance Justice Fund is a dedicated racial-equity vehicle launched in 2020 with an initial $1 billion target, focused on closing the racial wealth gap through lending to Black, Latino, and Native American borrowers and communities. Unlike OFN's broad membership programs, the fund targets CDFIs led by people of color and those serving historically redlined communities, with a 10-year deployment horizon. As of September 2023, total commitments reached $750 million from anchor investors including Google, Bank of America, and the Kresge Foundation (per the firm, September 2023). ## Related profiles - [Opportunity Calgary Investment Fund](https://altss.com/profile/opportunity-calgary-investment-fund) - [Opportunity Gestora](https://altss.com/profile/opportunity-gestora) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/opportunity-finance-network Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology