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Coastal Ventures II, LLC
United States of America
Last updated 13 May 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (113)
This is CVI's 2nd socially-responsible venture capital fund. The objective of the fund is to invest in new and expanding private businesses with excellent growth potential that offer investors above-average returns, create opportunities for people with low incomes, and demonstrate a sound and healthy relationship with the environment.
Although the fund will make investments throughout the United States, it is expected that the majority of the fund’s activities will be in Maine and New England.
Asset class
Fund status
Fund style
Financial description
THe fund invests in new and expanding private businesses with excellent growth potential that offer investors above-average returns, create opportunities for low-wealth individuals, and demonstrate a sound and healthy relationship with the environment. The fund anticipates that most of its investments will be from $100,000 to $2,000,000 in equity and/or debt securities of companies at various stages of investment, from seed stage to leveraged buyouts of mature companies. The fund has no set minimum deal size and expects to make some very small scale investments with follow-on investment potential in order to develop new market regions.
24 years
of track record
2000
the year funded
20,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
CEI Ventures
Headquarters location: United States of America
Other funds managed by this asset manager: Coastal Ventures Limited PartnershipCoastal Ventures III, LP
Impact Category
Key performance indicators
Fund overview
Asset manager: CEI Ventures
Product track record: Fund has 24 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Closed - still investing
Style/Stage: Buy Out, Early Stage, Growth Stage, Late Stage
Inception year: 2000
Vintage year: 2001
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: 10 year term with a provision from a 2 year extension
Assets under management: 20,000,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 1,500,000; Avg: 250,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 17
Fund investments to date exited or repaid: 12
Management fee: 2.5%
Carried interest: 20%
Hurdle rate: 0%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors, Retail Investors
Contact
E-mail: n.a.
Website: http://www.ceiventures.org
Phone number: 207-772-5356 x2904
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Impact Performance
n.a.
Impact thesis
The fund seeks to invest in companies that generate a competitive return for investors and support the fund's social mission. The fund targets companies that do at least one of the following:
1) Operate in sectors important to the creation of sustainable communites. This includes industries such as health care, education and IT; innovation businesses that are natural resource-based, including aquaculture, fishing, marine industries, food production and forestry; high growth industries, and industries which build on long traditions of excellence in rural New England such as metal trades and composite tecnologies.
2) Create quality income, employment and ownership opportunities for community residents and people with low incomes. Minority and women-owned and managed businesses will be targeted. The fund will use Employment Training Agreements ('ETAG'") with portfolio companies. The fund intends to have 30% of jobs created filled by people with low incomes.
3) Maintain progressive employment and business practices. This may include nurturing a work force, preserving the environment, promoting worker safety and health, or locating a business in a distressed community.
As of year end 2011 portfolio companies employed over 850 employees, representing an increase of 159% since CVII invested. 51% of jobs at exited companies were for low-to-moderate-income employees.
Impact Management
n.a.