Catherine Toner is Managing Director of Impact Investing at Gary Community Ventures, where she leads investing and product structuring for the organization’s family wealth building efforts. She has a particular focus on housing finance, community and employee ownership, and the future of work. She has a passion for creating innovative investment structures that produce sustainable and scalable impact.

At Gary, that work has included structuring of the Dearfield Fund, a concessionary private equity fund launched by Gary Ventures, Inc. to narrow the wealth gap by increasing Black families’ access to homeownership in Denver; conceptualizing the tenant equity structure; and helping design the financing strategy for Proposition 123, the first successful ballot measure in the U.S. to create a statewide solution to the affordable housing crisis.

Prior to Gary, Catherine worked at Bank of America Merrill Lynch in its Consumer & Retail Investment Banking group. Catherine began her career at Arabella Advisors, where she helped establish and grow the firm’s Impact Investing practice, advising philanthropists on sourcing, due diligence and structuring of private equity and debt impact investments. She received an MBA from Duke University’s Fuqua School of Business and a bachelor’s from Colgate University.