Adrian Ruiz

As Managing Director, Adrian oversees the impact investment asset management platform and executes NTCIC’s impact investing business strategy by originating, structuring, and managing high-impact, community-focused investments across historic preservation, renewable, and sustainable infrastructure sectors. 
 
Adrian joined NTCIC in 2025, bringing more than 15 years of non-profit leadership and community development finance experience. Prior to joining NTCIC, he served as the Director of Education Finance, Deputy Chief Investment Officer, and Chief Investment Officer at the Raza Development Fund, in which he oversaw the deployment of over $700 million of capital, including $115 million of QLICIs, in impact investments across the country.

He currently serves as a member of the NMTC Advisory Board of Directors for 19Twenty Community Capital, a Texas-based CDE, and the Housing Partnership Network, a Massachusetts-based CDE; a member of the External Credit Committee for the Nonprofit Finance Fund, a New York-based CDFI, and the Mercy Community Capital, a Colorado-based 
CDFI; and as Vice-Chair of the Board of Directors for Catholic Education Arizona, a non-profit, school tuition organization that helps underserved families in Arizona to provide a quality, Catholic education for their children. 

Adrian previously served as a reviewer for the Walton Family Foundation Startup Grant and for Arizona Expansion and Innovation Fund and is an alum of the AZ Charter Schools Association Aspiring Leaders, Pahara NexGen, and Tepeyac Leadership Institute fellowships. He received a bachelor’s degree in finance from Arizona State University and an MBA from Benedictine College and has completed the Chartered Alternative Investment Analyst (CAIA) Level I credential.