VERGE Capital VERGE Breakthrough Fund
Product Details
Product Name: VERGE Breakthrough Fund
Overview: Investment opportunity available to accredited investors, held in a unit trust managed by Pillar Nonprofit Network and SVX. Target term of 7 years, up to 2 years to deploy and 5 year. Target net return of 3% to unitholders. First loss capital of $375,000 provided by the Government of Ontario. The Fund makes it possible for investors to leverage their investment portfolio to create positive community impact through a pooled approach. This unique collaborative initiative is an example for communities across Canada on how to start a place-based social finance movement.
Issues Focused: Sustainable Cities and Communities
Asset Class: Private Debt
Geography: Ontario
Impact Measurement
IRIS 4.0 Social Impact Objectives: Access to Clean Water, Access to Education, Access to Energy, Access to Financial Services, Affordable Housing, Community Development, Employment Generation, Equality and Empowerment, Food Security
IRIS 4.0 Environmental Impact Objectives: Energy and Fuel Efficiency, Sustainable Energy
IRIS 4.0 Targets: Children (<10 years old), Adolescents (10-18 years old), Adults (>18 years old), Elderly/older adults, Persons with Disabilities, Minority/previously excluded populations, Women, Pregnant Women
Impact Evidence Type: Outcome Data: Can provide outcome data demonstrating positive change for target beneficiaries.
VERGE Capital

Last updated by VERGE Capital on 05 Nov 07:07

Investment Details
Legal Structure: Limited Partnership
Product Stage: Not Specified
Part of Series: First
Investment Availability: Open
Minimum Investment: $10,000
Investor Eligibility: Institutional Investors, Foundations/Endowments, Accredited Investors
Assets Under Management: $1M < AUM < $5M
Average Management Fees %:
Average Performance Expectations: 0% ≤ Expectations ≤ 4%
Performance To Date: Not Specified