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Patient Capital Collaborative ’11
United States of America
Last updated 13 May 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153)
PCC'11 is the third in a series of funds designed to invest equity in early-stage companies that provide meaningful social and/or environmental benefit to the world. Managed by two veteran (25+ years, each) venture investors with proven track records. SustainVC is a GIIRS Pioneer member.
Asset class
Fund status
Fund style
Financial description
PCC Funds are designed to invest in companies past the business plan stage, but before the larger venture capital stages. Said otherwise, portfolio companies are generally seeking $500,000 to $5 million of funding. Funds follow prudent portfolio management strategies including diversification, and maintaining adequate reserves for follow-on financings. Funds generally follow strategy of 80% "Financial First"/20% "Social First" weightings (i.e. larger dollars invested into higher targeted return investments exceeding threshold social returns; and smaller dollars into higher projected social returns exceeding threshold of financial returns). Through experienced management, net positive returns to LPs targeted similar to other early stage non-social venture funds.
13 years
of track record
2011
the year funded
2,000,000 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
SustainVC
Headquarters location: United States of America
Other funds managed by this asset manager: Patient Capital Collaborative ’09Patient Capital Collaborative ’07
Impact Category
Key performance indicators
Fund overview
Asset manager: SustainVC
Product track record: Fund has 13 years of track record
Target IRR: 20%
Committed Capital: 1,300,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage: Early Stage, Growth Stage, Seed Stage
Inception year: 2011
Vintage year: 2011
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
Target close date: 01/05/2011
Product term: 12 Years
Assets under management: 2,000,000 USD (US Dollar)
Investment size: Min: 50,000; Max: 500,000; Avg: 350,000
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: 1
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: 10%
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: PCC fund investors have included RSF Social Finance, Sandy River Foundation, 31 other individuals, including Suzanne Biegel (President of Investors' Circle), Ken Deemer (founder of LA Social Venture Network and Tech Coast Angels), B-Lab Founder Andrew Kassoy, and others involved in the advancement of the Impact Investment movement.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: Justin@SustainVC.com Andrew@SustainVC.com
Website: http://www.SustainVC.com
Phone number: 978-369-5043
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Schuyler (Sky) Lance
Managing Principal
Tom Balderston
Managing Principal
Impact Performance
n.a.
Impact thesis
Backing start-up and early stage companies making meaningful social and/or environmental impact. PCC '09 fund companies include health and wellness, alternative energy, medical technology, sustainable consumer products, environmental & community development companies.
Impact Management
n.a.