About the Social Finance Fund
The Social Finance Fund (SFF) is a long term, $755 million initiative to accelerate the growth of Canada's social finance market. It is one of the core initiatives of the Social Innovation and Social Finance Strategy, alongside the Social Innovation Advisory Council and the completed Investment Readiness Program.
Launched in Spring 2023, the SFF is improving access to affordable capital for charities, non-profits, social enterprises, co-operatives and other social purpose organizations (SPOs). Greater access to capital through the SFF helps these organizations to grow, innovate, and enhance their social and environmental impacts, while promoting more inclusive economic development for communities in Canada.
The SFF makes repayable investment capital available to entities in the social finance ecosystem. It is managed by three fund managers that will invest up to $400 million over the first five years of the program into social finance intermediaries (SFIs) across the country. These SFIs are using that capital to make social finance investments in SPOs who, in turn, use those investment dollars to generate positive social and/or environmental impacts.
The SFF is designed to leverage capital from private investors and to produce financial returns, supporting market growth and sustainability.
When charities, not-for-profits and social enterprises have access to capital and investment, they can bring forward innovative solutions to some of Canada's most pressing social, economic, and environmental challenges.
For more information on the program's background, please read through our comprehensive backgrounder document.
Learn more about the design of the Social Finance Fund.
About the Fund Managers
Boann Social Impact (Boann)
Boann Social Impact was created as a partnership between the Table of Impact Investment Practitioners (TIIP) and BC Non-Profit Housing Association, The Co-operative Housing Federation of BC, The Co-operative Housing Federation of Canada and Community Impact Investments.
Realize Capital Partners (RCP)
Realize Capital Partners (RCP) is a collaboration between the impact investment management and advisory firm Rally Assets and the early-stage venture capital fund manager Relay Ventures.
Le Fonds de finance sociale CAP Finance
Le Fonds de Finance Social CAP Finance is a non-profit network of organizations operating in Quebec focused on the social economy and solidarity-based financing, consisting of over a dozen key investors led by the Réseau d'investissement social du Québec and Fiducie du Chantier de l'économie sociale. CAP Finance will invest specifically in Quebec.
Core participants of the network involved are:
- Réseau d'investissement social du Québec
- Fiducie du Chantier de l'économie sociale
- Fondaction
- Filaction
- Fonds de solidarité FTQ
- MicroEntreprendre
Please visit the Social Finance Fund Hub to learn more about each fund manager.
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