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Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (113)
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.
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.
19 years
of track record
2005
the year funded
8,000,000 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
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 19 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: United States of America
Product status: Open - post first close
Style/Stage: Development
Inception year: 2005
Vintage year: n.a.
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: 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: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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
Jessica L. Cavagnero
Partner
NAdya K.Shmavonian
Partner
Tajreena Tabassoom
Vicepresident
Diana Bilbao
Associate
Impact Performance
| KPI | TARGET | 2020 |
|---|---|---|
| Housing and Micro-lending | ||
| Investments in Housing & Micro-lenders | n.a. | $350,000 |
| # of Micro-loans | n.a | 40 |
| Affordable Housing | ||
| Investments in Affordable Housing Developers | n.a. | $250,000 |
| Affordable housing units created | n.a. | 24 |
| Social Enterprises Investments | ||
| Investments in Social Enterprises | n.a. | $250,000 |
| Average growth in revenue (y/y) | n.a. | 9.5% |
| Working Capital Investments | ||
| Investments in Working Capital | n.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 Disclosure | Yes |
| Impact Targets Disclosure | No |
| Signatory of the Operating Principles for Impact Management | No |
| Independent Impact Management Verification | No |
Financial benchmark
Others
Term Description:
Keywords
affordable housingaffordable housing; social housing;business educationCommunity Investing/LocalMicro-financemicrocreditMicrofinanceMinorities/Previously Excluded Populationsserve poorSMESME FinanceSMEssocial enterpriseSocial EnterprisesUnderserved communitiesUrbanWorking capital