Self-Help Ventures Fund Note
United States of America
Last updated 12 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
The Self-Help Note is offered by Self-Help Ventures Fund (SHVF), a nonprofit 501(c)(3)development finance organization. SHVF is funded with loans, investments and grants from banks, foundations, insurance companies, investment banks, religious organizations, corporations, and government sources. It operates three programs: business and community facility lending; community real estate development; and an affordable home loan programs. The fund manages a portfolio of approximately $940 million in loans and real estate investments. Self-Help Ventures Fund’s primary markets are in the U.S. South and California with certain products available nationally. It is certified by the U.S. Department of Treasury as a Community Development Financial Institution.
The Self-Help Note product enables investors to invest in an intermediary that finances community projects that don't have access to conventional credit. With a minimum investment of $2 million, the Notes are most suitable for institutional investors. Self-Help Ventures Fund has offered these Notes since 1986 and has a perfect repayment record. Notes have been purchased by commercial banks, foundations, investment banks, universities, pension funds, insurance companies, mutual funds and federal government agencies.
Self-Help Notes are senior, unsecured, and are not insured by the federal government. Self-Help Ventures Fund provides full recourse to Note holders. The terms of the Notes vary from year to year, and depend on the interest in the purchaser. Lower interest rates and longer terms help Self-Help deepen its impact. Generally, the terms and interest rates are as follows:
Variable Rate Notes: 5 to 15 year maturities; interest rate equal to 3-month LIBOR plus 1.50%
Fixed Rate Notes: 5 to 15 year maturities; interest rate equal to 5 to 15 year swap rate plus 1.50%
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Self-Help Credit Union Term CertificateSelf-Help Credit Federal Union Term Certificate
Equal rights to ownership basic services technology and economic resources
Safe and affordable housing
Free primary and secondary education
Increase aid for trade support
Develop sustainable, resilient and inclusive infrastructures
Increase access to financial services and markets
Key performance indicators
Asset manager: Self-Help
Product track record: Fund has 37 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Inception year: 1986
Vintage year: 1984
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: 5 to 15 years
Assets under management: n.a.
Investment size: Min: 25,000; Max: 20,000,000; Avg: 750,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 271
Fund investments to date exited or repaid: 204
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: Bank of America, Goldman Sachs, Metropolitan Life Insurance, JPMorgan Chase, Ford Foudation, Morgan Stanley, PNC Bank, MacArthur Foundation, Duke University, SunTrust Bank, Wells Fargo, US Bank, Northern Trust
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Phone number: 919-956-4434
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Self-Help Ventures Fund seeks to foster economic justice and opportunity for the underserved and overlooked in our society through the redistribution of credit, provision of financial services, and policy advocacy. Self-Help Venture Fund's financing efforts have resulted in:
• $4.5 billion in housing loans, $590 million in loans and investments to businesses and real estate projects, and $326 million loans to community facilities.
• 50,000 low-income home owners
• 36,000 jobs created and retained
• 55,000 educational spaces created
Self-Help Ventures Fund targets its financing to low-income and rural communities, women and people of color. In addition, it provides financing for environmental and sustainable businesses and projects that enhance the health of low-income communities.
Community Investing/LocalFaith-BasedMinorities/Previously Excluded PopulationsRuralWomen