SVA Diversified Impact Fund
Social Ventures Australia (SVA) is seeking to raise $10 to $15 million to fund a diversified investment portfolio of private debt, private equity and social impact bond investments.
The SVA Diversified Impact Fund (the Fund), which will provide 20% downside protection, aims to offer investors the opportunity to generate financial returns while making a meaningful social impact on the lives of people in Australia.
According to SVA, the Fund will invest in projects that provide jobs, homes and opportunities for people living in disadvantage, and will focus on areas where SVA has "deep expertise".
The Fund succeeds the $9 million SVA Social Impact Fund, which returned 7% per annum and created 160 jobs, 22 dwellings, education programs and accessible health services for people experiencing disadvantage in Australia.
The Fund aims to make 10-15 investments with a target size of $500,000 to $1.5 million.
The Fund reached First Close in December 2017 at $12.8 million.