Pitch for city pension money in co-investment fund hits barrier in search for capital

By Updated: January 14, 2020 4:05 AM CT | Published: January 14, 2020 4:05 AM CT

The $10 million sought over several years by Epicenter didn't have enough support on the city council despite a guaranteed return. The pitch is part of a "movement" to encourage more sources of local capital for made-in-Memphis ventures. But the use of pension money hit a barrier with many on the council.

Topics

Epicenter Memphis Leslie Lynn Smith Formation Fund Memphis City Council
Bill Dries

Bill Dries

Bill Dries covers city government and politics. He is a native Memphian and has been a reporter for more than 40 years.


Comment On This Story

Email Editions

Sign up for our morning and evening editions, plus breaking news.