Pitch for city pension money in co-investment fund hits barrier in search for capital
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.
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Epicenter Memphis Leslie Lynn Smith Formation Fund Memphis City CouncilBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for more than 40 years.
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