Coastal Ventures Limited Partnership
United States of America
Last updated 13 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153)
This was the first socially-responsible venture capital fund that CVI launched, following the company’s launch in 1994. The fund’s objective was to provide a financial and social return on investment by investing in small, private businesses with excellent growth potential. The fund predominantly focused on enterprises in the New England region of the United States.
The principal focus of investment activity will be small, closely-held companies. The Fund will invest $50,000 to $5000,000 in equity and/or debt secrurities in companies at various stages of development, from the seed stage to leveraged buyouts of mature companies. Target companies must have substantial growth prospects, provide the potential for financial returns to investors, and provide a social return on investment.
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Coastal Ventures III, LPCoastal Ventures II, LLC
Key performance indicators
Asset manager: CEI Ventures
Product track record: Fund has 28 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: Closed - no longer investing
Style/Stage: Buy Out, Early Stage, Growth Stage, Late Stage
Inception year: 1995
Vintage year: 1996
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
Target close date: n.a.
Product term: 10 year term with provision for extension up to 2 years
Assets under management: 5,000,000 USD (US Dollar)
Investment size: Min: 100,000; Max: 550,000; Avg: 250,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 20
Fund investments to date exited or repaid: 14
Management fee: 3%
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
Phone number: 207-772-5356 x2904
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We identify entrepreneurs committed to good corporate citizenship and environmental stewardship, and each new portfolio company agrees to advance our broad ranging social goals by entering into a Social Agreement (prepared by CVI), targeting jobs for people with low incomes. We bring our knowledge of socially responsible management practices, working together with CEI (www.ceimaine.org) - a community development financial institution based in Maine - to introduce workforce development specialists along with environmental, technical assistance and consulting relationships. CVLP portfolio companies employed 3,596 employees, 2013 of which were retained through year end 2011. Employment in portfolio companies increased by over 133% after CVI investment.