InvestEco Sustainable Food Fund II

Canada

Last updated 11 May 2020, by Impactyield.

Edit this fund

InvestEco Sustainable Food Fund II makes equity or quasi equity investments in small to medium-sized private sustainable agriculture companies with positive environmental benefits including improved soil quality and water conservation in Canada.



Financial description

Using a rigorous due diligence process, the Fund aims to acquire Portfolio Investments in what the General Partner believes to be exceptional companies operating in the Sustainable Food sector. These investments will generally be made in North American-based businesses that the General Partner believes to have some or all of the following characteristics: established revenues, strong growth prospects, excellent management and significant competitive advantages, as well as the prospect of providing a profitable exit opportunity within 4 to 7 years from the date of initial investment. Although the Fund will have a preference for profitable companies, it may also invest in companies that are pre-revenue and/or not yet profitable.

7 years

of track record

2015

the year funded

26,000,000 CAD

AUM

Asset manager

Investeco Capital Corp.

Website

Headquarters location:

Other funds managed by this asset manager: Investeco Sustainable Food Fund

SDG goals

SDG targets

Encourage companies to adopt sustainable practices and sustainability reporting

Sustainable food production and resilient agricultural practices

Key performance indicators

Fund overview

Asset manager: Investeco Capital Corp.

Product track record: Fund has 7 years of track record

Target IRR: 20%

Committed Capital: 26,000,000 CAD (Canadian Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2015

Vintage year: 2015

Target region: , , ,

Target close date: 01/08/2016

Product term: 10 year term

Assets under management: 26,000,000 CAD (Canadian Dollar)

Investment size: Min: 500,000; Max: 5,000,000; Avg: 2,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 1

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 8%

GIIN Investors' Council Investment: No

Limited Partners / Investors: Co-operators, Meritas SRI Funds

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.investeco.com

Phone number: 416-304-1750

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


Andrew Heintzman

President and CEO

Charles Holt

Vice-President

Impact Performance

Notice: Trying to access array offset on value of type null in /var/www/html/wp-content/plugins/advanced-custom-fields-table-field/acf-table-v5.php on line 568

n.a.

Impact thesis

In addition to being a good investment opportunity, sustainable food companies have many positive environmental and social benefits. From an environmental perspective, in comparison to most conventional agriculture, sustainable agriculture can potentially improve soil quality, conserve water and energy and reduce carbon emissions from farming, while maintaining competitive yields for farmers. From a social perspective, the practice of sustainable agriculture improves the chances that a farmer will be prosperous through higher product prices and lower input costs, creates healthier, chemical-free, working conditions for farm workers and produces more nutrient-dense and less chemical-laden food for consumers. As a result of these social and environmental benefits of the Fund, the Manager has become a registered B-Corp and the Fund has become a Global Impact Investing Rating System (GIIRS) Pioneer Fund, underlining our commitment to having a positive environmental and social impact.

Impact Management

n.a.

Request information about this fund