SilverYard Social Enterprise Fund I
United States of America
Last updated 11 May 2020, by Impactyield.
A new venture fund focused on U.S. based seed-stage tech startups pursuing high-growth international business models or solutions for globally-important issues. SilverYard is founded by former Andreessen Horowitz partner, Ray Jones.
Goal of fund is to achieve top quartile (e.g. 3X+) financial returns for LP investors by addressing the opportunity to be a leading investor for the growing and underserved high-growth/high-impact social enterprise market.
The fund manager has three case study investments demonstrating a ~10X financial return multiple and outstanding social and environmental impacts including 80 Africans trained as programmers and 8,000 urban farms smartened respectively.
Key performance indicators
Asset manager: SilverYard
Product track record: Fund has 7 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Style/Stage: Early Stage
Inception year: 2015
Vintage year: 2015
Target region: Global
Target close date: n.a.
Product term: 10 year term
Assets under management: 25,000,000 USD (US Dollar)
Investment size: Min: 50,000; Max: 500,000; Avg: 300,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: RIA with $10B AUM, Fortune 50 Company, Foundation, and Family Offices.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors, Retail Investors
SilverYard's unique combination of vision, purpose, network and value-add market development expertise attracts and supports best-in-class high-growth and high-impact entrepreneurial teams. SilverYard's market development expertise and strong corporate network offers a competitive advantage to accelerate the growth of SilverYard's investments to streamline the fund's returns.
Fund tracks IRIS metrics:
-Employees Dedicated to Social and Environmental Performance OI6370
-Total Assets FP5293
-Financial Assets FP4649
-Minority/Previously Excluded Ownership OI7194
-Social Impact Objectives OD6247 Access to Financial Services, Equality and Empowerment, (portfolio impacts additional)
-Mission Statement OD2735
-Sector Focus Financial Services, Technical Assistance Services PD8808
-Client Type SMB PD7993
-Organizations Receiving Training PI6065
-Capital Available Total FP1307
-Non-Financial Support Offers (market development) PD9681
-New Businesses Created PI4583
-Jobs in Directly supported/financed enterprises: Total PI4874
-Number of Equity Investments Outstanding PI1914
-Value of Equity Investments PI7940
-Number of Equity Deals Closed PI5066
-Value of Equity Deals Closed PI4142
-Revenue generated at Directly Supported Enterprises PI3180
-Target beneficiary entity OD7212