Patient Capital Collaborative ’11

United States of America

Last updated 13 May 2020, by Impactyield.

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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.

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.

12 years

of track record


the year funded

2,000,000 USD


Asset manager

SDG goals

SDG targets

Encourage companies to adopt sustainable practices and sustainability reporting

Free primary and secondary education

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: SustainVC

Product track record: Fund has 12 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:

Product status:

Style/Stage: , ,

Inception year: 2011

Vintage year: 2011

Target region: , ,

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: ,

Currency of investments:

Currency for fund / product figures:

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




Phone number: 978-369-5043

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Schuyler (Sky) Lance

Managing Principal

Tom Balderston

Managing Principal

Impact Performance


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


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