Contact fund

United States of America

Last updated 7 August 2020, by Impactyield.

Edit this fund

Offers short-term investment notes at a near-market rate of interest to accredited investors for a fixed annualized return. 100% of proceeds are invested in New York City organizations working for low income people and communities.

Based on the concept that private investors would be willing to invest their capital in local NYC neighborhoods while also receiving a financing return if there was a simple, low risk way to do it.


Asset class

Fund style


Financial description

Senior Investment notes are offered twice a year in September and March with a term of either 6 or 12 months with automatic rollover.
Contact Fund is open to accredited individual investors, foundations, and donor advised funds.

18 years

of track record

2005

the year funded

8,000,000 USD

AUM

Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Promote policies to support job creation and growing enterprises

Develop sustainable, resilient and inclusive infrastructures

Increase access to financial services and markets

Key performance indicators

$4.2mm

Funds Leveraged for Affordable Housing

40

Micro-loans

Fund overview

Asset manager: Contact Fund

Product track record: Fund has 18 years of track record

Target IRR: 2.5%

Committed Capital: 5,000,000 USD (US Dollar)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2005

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: 1 year

Assets under management: 8,000,000 USD (US Dollar)

Investment size: Min: 25,000; Max: 500,000; Avg: 250,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 27

Fund investments to date exited or repaid: 11

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Family Office

Contact

E-mail: info@contactfund.com

Website: http://www.contactfund.com

Phone number: 212-209-3877

If you wish to have your details removed from this database please email gdpr@impactyield.com


Mark Reed

Principal

John MacIntosh

Prinicpal, SeaChange Capital

Tajreena Tabassoom

Vicepresident

Diana Bilbao

Associate

Impact Performance

KPITARGET2020
Housing and Micro-lending
Investments in Housing & Micro-lendersn.a.$350,000
# of Micro-loansn.a40
Affordable Housing
Investments in Affordable Housing Developersn.a.$250,000
Affordable housing units createdn.a.24
Social Enterprises Investments
Investments in Social Enterprisesn.a.$250,000
Average growth in revenue (y/y)n.a.9.5%
Working Capital Investments
Investments in Working Capitaln.a.$250,000
Average net asset growth (y/y)n.a.15%
Impact thesis

Contact Fund invests in nonprofit organizations and social enterprises in the 5 boroughs of New York City that create affordable housing and community facilities, provide training and capital to small businesses and strengthen the fabric of communities of under-served and under-privileged populations. The capital frees up the capacity of local organizations to focus on their mission-related work.

Impact Management

Impact Metrics DisclosureYes
Impact Targets DisclosureNo
Signatory of the Operating Principles for Impact Management No
Independent Impact Management VerificationNo