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.
Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / Canada (18)
NMF Rental Housing Fund I LP supports non-profit and co-operative partners with equity capital to increase Canadian affordable rental housing, primarily in metro Vancouver, Victoria, Edmonton, Calgary and Toronto and generating market rate risk-adjusted returns for its investors.
Non-profit and co-operative partners are assisted in deal formation, including securing free land in exchange for long- term affordability restrictions.
Financial description
n.a.
10 years
of track record
2014
the year funded
n.a.
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
Impact Category
Key performance indicators
Fund overview
Asset manager: New Market Funds
Product track record: Fund has 10 years of track record
Target IRR: 6%
Committed Capital: 24,720,000 CAD (Canadian Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Canada
Product status: Closed - still investing
Style/Stage: Core
Inception year: 2014
Vintage year: 2015
Target region: Canada, Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
Target close date: n.a.
Product term: 10 year term
Assets under management: n.a.
Investment size: Min: 1,000,000; Max: 0; Avg: 0
Co-investment policy: LPs do not have priority, With LPs and non-LPs
Currency of investments: CAD (Canadian Dollar)
Currency for fund / product figures: CAD (Canadian Dollar)
Fund investments to date: 5
Fund investments to date exited or repaid: 0
Management fee: 1%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: The Fund was made possible through investment commitments from leading institutions and individuals including Bealight Foundation, Hamilton Community Foundation, The J.W. McConnell Foundation, The Lawson Foundation, The Michael Young Family Foundation, Tides Canada Foundation, Trico Charitable Foundation, Vancity Community Foundation, APYC Holdings, Inc., Renewal Partners Company, OceanRock Investment Solutions, Leslois Shaw Foundation, Community Foundation of Ottawa, Northpine Foundation, Royal Bank of Canada, Mt. Lehman Credit Union, Alberta Social Enterprise Venture Fund, Inc. and Alberta Real Estate Foundation.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: n.a.
Website: https://www.newmarketfunds.ca
Phone number: 1 (604) 358-7911
If you wish to have your details removed from this database please email gdpr@impactyield.com
Andy Broderick
Managing Partner
Garth Davis
Managing Partner
Impact Performance
n.a.
Impact thesis
1. To fill community needs solely by working with community-based housing providers-- non-profits and co-ops.
2. To address the affordability gap by insuring that the rental housing it provides is affordable to households earning, on average, 80% or less of the area median income.
3. To best preserve long-term affordability NMF will only exit to community-based ownership – not for profits, co-ops or government.
Impact Management
n.a.
Financial benchmark
Term Description:
Keywords