CEI Investment Notes, Inc.
United States of America
Last updated 12 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
CEI Notes is a community development financial institution fund (CDFI) targeting investments in sustainable fisheries, agriculture, renewable energy, affordable housing, community facilities and small businesses. Each investment is screened for financial viability as well as social and environmental impact.
CEI Investment Notes, Inc. (CEI Notes) is a 501c3 affiliate of CEI whose purpose is to raise capital to support CEI. 's financing. CEI Notes is governed by a 7-member Board of Directors meets monthly and is responsible for approving the use of funds. CEI Notes has an open offering with a goal of raising $20 million. Launched in 2009, CEI Notes offers a fixed income note to accredited investors. As of December 2014, CEI Notes has attracted 111 investors and raised $7.15 million. CEI Notes has approved 47 projects totaling $4.95 million.
CEI Notes strategy is to build a diversified portfolio of high impact deals that provide income and employment, safe, affordable housing and critical services to low income people and communities, primarily in rural areas. CEI Notes targets natural resource-based industries, small and microbusinesses, affordable housing, renewable energy and other high impact sectors. CEI Notes limits the maximum loan to 5% of the total fund and monitors sector concentration. CEI Notes frequently leverages its funds with other sources to maximize the impact of funds and minimize risk. Each potential project is evaluated according to the credit risk as well as mission alignment with the goal of achieving maximum economic, social and environmental return. Investors receive a fixed return from CEI Notes and CEI Notes lends funds at a fixed rate of return with the goal of achieving a 5% spread between cost of funds and portfolio earnings.
of track record
the year funded
Access to Basic ServicesAgricultureCommunity DevelopmentDigital AccessEmploymentEnterpreneurship SupportEnterpriseIndependent MediaInformation Communication & ConnectivityInfrastructureInfrastructure DevelopmentLabor & EmploymentResponsible TechnologyResponsible TechnologySustainable Agriculture
Key performance indicators
Asset manager: CEI
Product track record: Fund has 14 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Inception year: 2009
Vintage year: 2010
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: Open ended
Assets under management: 20,000,000 USD (US Dollar)
Investment size: Min: 10,000; Max: 350,000; Avg: 105,400
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 47
Fund investments to date exited or repaid: 9
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Anonymous,Aileen and Tim Agnew,Barbara Asnes,JoAnne and Michael Bander,Bangor Savings Bank,The Betterment Fund,Elizabeth Biemann,Fran Bodell,Samuel F. Brown,Robert C. and Ann Buxbaum,Patricia L. Campbell,Ann R. Carmen,Circle of Friends Trust,Clients of Baldwin Brothers, Clients of Fresh Pond Capital,Clients of the Sustainability Group,Clients of Trillium Asset Management,Coastal Enterprises, Inc.,William Creighton,Susan M. Deutsch, Michael L. and June Pasternack Finnegan,Gore Flynn,Ellen F. Golden,Michael Herz and Kate Josephs,Susan B. Inches,John and Linda Isaacson,Anne and Steve Kemper,Peter Lamb and Faith Harrington,Adam and Diana Lee,Joan Leitzer,Steven Lydenberg,Mark Millar,Greg and Linda Millert,Susan Morris,Chip Newell,Karen E. Orso,Parnassus Core Equity Fund,Pax World Balanced Fund,Ronald L. and Suzanne C. Phillips,Ellen Remmer,Sarah Rheault,The Rocking Moon Foundation,Margaret Rosenau,Bonnie Rukin,The Sandy River Charitable Foundation,Ellen Seidman,Sarah Shed,Hildy J. Simmons,Alison Smith,Kenneth Spirer,Emily Swan,Carlisle Towery,Martha Tracy,June and David Vail,Carol Wishcamper
Limited Partner / Investor Type: Family Office, Other Institutional Investors
Phone number: 207-882-7552
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CEI provides access to capital and information to create opportunity for people and communities outside the economic mainstream to build assets, create wealth and realize their full potential.
CEI targets sectors of historical significance to rural communities that are developing new products to meet 21st century markets ( e.g., forest products and biomass fuel) as well as newer opportunities (e.g. high speed internet infrastructure).
As a supporting organization to CEI, CEI Notes shares CEI's mission and strategy. Underwriting focuses on financial viability, the quality of social benefits (e.g., full-time employment with benefits, career development and safe work environments) and positive environmental impacts (e.g., integrating green materials and systems into affordable housing, adherence to grow smart principles, sustainable management of natural resources).
CEI Notes provides a flexible source of capital that enhances CEI's capacity to respond to a variety of high impact opportunities within a framework of targeted sectors selected for their potential to benefit rural communities and regions