Enterprise Community Partners, which lends funds, finances development and manages and builds affordable housing, announced David Outcalt as its newest member to its New York Advisory Board.
Outcalt is currently a partner at Lexington Partners, an independent manager of secondary private equity and co-investment funds.
“We’re proud to have David on board as we work to ensure every New Yorker has a safe, healthy, and affordable home,” said David Cavalier, Enterprise New York Advisory Board Co-chair and Aeolus Pharmaceuticals chairman and certified financial officer.
“David’s belief in our mission and the unique perspective he brings to the table will help us better support Enterprise and the people impacted by its work,” Cavalier said.
In his current position with Lexington Partners, Outcalt is involved in the origination, evaluation and management of equity co-investments.
“David’s experience in finance makes him a real asset to the board and the work that we do,” said Todd Gomez, Enterprise New York Advisory Board Co-chair and Bank of America Merrill Lynch northeast region executive of Community Development Banking Group.
“We know he’ll offer valuable insight as we continue Enterprise’s mission of building opportunity for every New York family,” Gomez said.
Previously, Outcalt worked as an investment banking analyst at Bear Stearns, and later became an associate at Landmark Partners.
“New York is in the midst of a housing crisis, and it couldn’t be more important to find creative solutions to the unique challenges the city faces,” Outcalt said.