Eastern Bank

About The Fund

Eastern Bank, with a history dating back to 1818, is a reputable banking institution based in Boston, Massachusetts. Operating as one of the oldest and largest mutual banks in the United States, they serve a diverse clientele that includes individuals, investors, government agencies, and not-for-profit organizations. They specialize in offering a broad range of financial products and services such as checking and savings accounts, online and mobile banking platforms, along with loan and insurance products tailored to meet the needs of their customers. Eastern Bank also extends advisory services to businesses of various sizes, encompassing aspects of finance such as capital markets activities, equipment leasing, cash management, commercial real estate financing, international trade, and foreign exchange services. They are recognized for supporting communities through charitable contributions and volunteering, which forms an integral part of their identity and operations. As an investment entity, Eastern Bank is focused on IT and TMT industries as well as FinTech and Financial Services. They maintain a clear investment thesis that revolves around enabling technology-driven businesses and financial institutions, aiming to foster innovation and growth within these sectors. They operate with a minimum and maximum investment limit of $9,000,000, signifying their capacity to make significant financial commitments to their investments. The assets of the bank and its investment activities are managed and overseen by a skilled executive management team, ensuring prudent decision-making and strategic alignment with the bank's goals.