Lafayette Square Provides Financing to Support Growth of Genuine Foods

Whats Happening:

Lafayette Square, a private credit firm, has provided debt financing to support the growth of Genuine Food Lab, LLC (Genuine Foods). Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K-12 schools and higher education institutions across 16 states. The company has delivered over 16 million meals in the past year, with about 50% supported by the USDA's National School Lunch Program.

Key Moves:

• Lafayette Square provides debt financing to Genuine Foods

• Genuine Foods delivers over 16 million meals annually across 16 states

• Lafayette Square offers support through its Worker Solutions program

By The Numbers:

• Genuine Foods delivered over 16 million meals in the past year

• 50% of meals supported by USDA's National School Lunch Program

• Genuine Foods operates across 16 states

Key Quotes:

• "Genuine Foods is a necessary business driving measurable change within working-class communities," said Vishnu Amin, Managing Director of Lafayette Square.

• "This partnership with Lafayette Square strengthens our ability to scale our mission and reach more communities with real food that creates real impact," said Jeff Mills, CEO of Genuine Foods.

• "Too often, independent, values-led companies like ours are overlooked by capital providers. We're proud to work with a financing partner that shares our belief that food is a powerful force for good."

Bottom Line:

Lafayette Square's financing of Genuine Foods demonstrates the fund's commitment to supporting businesses that create positive social impact. This partnership aims to expand access to quality, nutritious meals for students in underserved communities, potentially improving educational outcomes through better nutrition.

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