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RSF PRI Investment Notes

United States of America

Last updated 13 May 2020, by Impactyield.

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Building on RSF’s more than 25 years of experience in social enterprise lending, the RSF PRI Fund reduces the barriers to entry for foundations that want to leverage their philanthropic dollars through Program-Related Investing (PRI), but that lack the in-house expertise to source, underwrite, service, and monitor loans. With a minimum investment of $100,000 and a five-year term, foundations receive a 1% annual return and can ultimately “recycle” their investment toward additional PRIs or grants. Because the RSF PRI Funds are a pooled investment vehicle, foundations also support a wider range of projects than would otherwise be possible, which both mitigates risk and maximizes social impact.

Local and sustainable food system projects serve a variety of foundation mission areas. It is because of these wide-reaching impacts that RSF chose to specifically focus the PRI Fund in Food & Agriculture.


Asset class

Fund style

Not listed


Financial description

The fund has a five year term, a minimum $100,000 investment and returns 1% per annum.
The PRI Notes pay 1% per annum, computed on the basis of actual calendar days elapsed and a year of 365 days. Interest will be computed and paid quarterly. Investors may choose to donate interest to RSF for its operations. Each PRI Note has a term of (5) fi ve years. At maturity, the investor may extend the maturity date for 5 years upon the request of the Fund. Proceeds from the PRI Notes are used to make PRIs to recipients to fund charitable projects that conform to the IRS Program-Related Investing requirements and generate deep impact in the field of food and agriculture.

13 years

of track record

2010

the year funded

5,000,000 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

RSF Social Finance

Website

Headquarters location:

Other funds managed by this asset manager: RSF Social Investment Fund

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Universal access to safe and nutritious food

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase aid for trade support

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: RSF Social Finance

Product track record: Fund has 13 years of track record

Target IRR: 1%

Committed Capital: 0 USD (US Dollar)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2010

Vintage year: 2010

Target region: , ,

Target close date: n.a.

Product term: 5 years, renewable

Assets under management: 5,000,000 USD (US Dollar)

Investment size: Min: 50,000; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 4

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: n.a.

Contact

E-mail: mark.herrera@rsfsocialfinance.org casey.johnson@rsfsocialfinance.org donna.daniels@rsfsocialfinance.org

Website: http://rsfsocialfinance.org/services/investing/pri/

Phone number: 4155613900.00

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Taryn Goodman

Director, Impact Investing

Ted Levinson

Director of Lending

Impact Performance

n.a.

Impact thesis

RSF has chosen Food & Agriculture as the focus for its first PRI Fund because of its wide-reaching benefits. Local and sustainable food system projects impact a variety of foundation mission areas, including:
- Regional food systems
- Healthy ecological systems
- Urban and rural economic development
- Safe and equitable labor conditions
- Increased access to healthy food in underserved areas
The fund specifically focuses on organizations overcoming two of the major hurdles in creating local food systems: processing and distribution.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords