The Hispanic population is the fastest-growing demographic in both California and the United States, with the U.S. Census Bureau projecting it to account for nearly 65% of total U.S. population growth through 2060. As of the 2013 U.S. Census American Community Survey, California’s population was almost 38% Hispanic. Additionally, Hispanic-owned firms were estimated at 3.1 million in 2014 and increased at nearly double the rate of general U.S. firms, with roughly 75% of those firms located in California, Arizona, New Mexico, and Texas.
CVF has evaluated or invested in many Hispanic-oriented businesses. CVF has greatly benefited from relationships with several México-based organizations that have extensive networks and insight into the Hispanic market. These include Nacional Financiera (México’s economic development bank), FOCIR (México’s Agricultural development fund), ProMéxico (part of México’s Secretary of the Economy), FIRA (Trust Funds for Rural Development), and Fondo de Fondos (México’s largest private equity investor). We believe that our experience in the sector affords us key insight into the cultural, economic, and other factors that are expected to drive the Hispanic customer and entrepreneur going forward. CVF is committed to expanding outreach to the Hispanic community and other underserved markets across the Southwest U.S., including such states as California, Arizona, New Mexico, and Texas.