The Purpose Capital Impact Fund offers Investors an opportunity to make a meaningful impact on New Zealand communities and the natural environment while generating financial returns.
The Purpose Capital Impact Fund has raised nearly $22 million of a target of $30million to create a diversified investment of private debt and private equity. It is targeting an IRR of 6% pa net of fees and expenses through a minimum of 8-10 investments in the range of $500k-$3m.
The fund will invest in areas identified as critically important for the wellbeing of communities and the environment and will focus on sectors where the Investment Manager has deep expertise. The Fund will seek innovative solutions that can be proven, scaled and replicated in all of NZ.
The Fund will bring together the power of the commercial and philanthropic sources through the use of a blended finance approach. One of the key roles of the Fund will be to lead and co-ordinate the involvement of other types of finance.
Track Record, People and Governance
The people behind the Fund are leaders in investment and social entrepreneurship with deep experience in climate change, environmental sustainability, education and training, affordable housing across multiple geographies.
The Fund will be governed by people with deep sector, governance and debt finance and venture capital experience.