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SJF Ventures I, L.P.
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) / United States of America (113)
SJF Ventures is an expansion stage venture capital fund focused on delivering superior financial returns through investments in high growth, positive impact companies. SJF has an fourteen-year successful record of assisting visionary and talented management teams in building industry-leading firms. SJF provides strong expertise and networks in the cleantech, sustainability and technology-enhanced services sectors. SJF Ventures has offices in Durham, NC, New York and San Francisco and actively sources deals nationally but often in off-the-beaten track geographies. The firm invests up to $2MM initially often leading or participating in larger syndicate rounds, typically up to $5MM, if needed. SJF aims to invest in companies typically realizing over $1MM in annual sales and at an inflection point for growth. SJF's investment team and investment committee have 50 years of VC experience as well as early leadership in cleantech investing. SJF Ventures I, II and III portfolios consist of 36 companies pursuing various sustainable strategies across a cross section of investment areas including renewable energy & efficiency, recycling, grid & infrastructure technologies and tech-enhanced services.
Asset class
Fund status
Fund style
Financial description
SJF Ventures seeks to generate superior returns in high-growth, positive impact companies by investing equity capital in growth stage businesses. The fund aims to capitalize on favorable macro trends, an evolved investment strategy, and competitive access to companies. Over the last 14 years, SJF Ventures has evolved its investment strategy from mission first to market rate and now superior returns. Like most venture funds, SJF seeks to realize investor returns through company liquidity events typically within a 5 year holding period. SJF typically participates in senior preferred securities with liquidation preferences, dividends and board representation or other preferred voting rights. SJF also considers secondary purchases of common stock in select transactions. SJF will lead investments of $1 to $5 million in size or participate as a co-investor in larger syndicates, if required.
25 years
of track record
1999
the year funded
17,135,700 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
SJF Ventures
Headquarters location: United States of America
Other funds managed by this asset manager: SJF Ventures II, L.P.SJF Ventures III, L.P.
SDG goals
SDG targets
Encourage companies to adopt sustainable practices and sustainability reporting
Expand and upgrade energy services for developing countries
Promote policies to support job creation and growing enterprises
Full employment and decent work with equal pay
Increase access to financial services and markets
Impact Category
Key performance indicators
Fund overview
Asset manager: SJF Ventures
Product track record: Fund has 25 years of track record
Target IRR: 15%
Committed Capital: 17,135,700 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Closed - no longer investing
Style/Stage: Growth Stage, Secondary
Inception year: 1999
Vintage year: 1999
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: 10 year term
Assets under management: 17,135,700 USD (US Dollar)
Investment size: Min: 50,000; Max: 1,500,000; Avg: 700,000
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: 19
Fund investments to date exited or repaid: 15
Management fee: 3%
Carried interest: 10%
Hurdle rate: 100% of invested capital returned%
GIIN Investors' Council Investment: No
Limited Partners / Investors: Citibank Wells Fargo Bank Credit Suisse John D. and Catherine T. MacArthur Foundation CDFI Fund MetLife Foundation Deutsche Bank Bank of America
Limited Partner / Investor Type: Development Finance Institution (DFI)
Contact
E-mail: akapoor@sjfventures.com rdefieux@sjfventures.com cnystrom@sjfventures.com
Website: http://www.sjfventures.com
Phone number: 919-530-1177
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Impact Performance
n.a.
Impact thesis
SJF conducted its ninth annual mission impacts survey in January 2010 with the 16 most active companies from the SJF Ventures I, LP and SJF Ventures II, LP portfolios at that time. These annual surveys help validate SJF Venture's fund strategy of investing in companies that are driving positive impacts through environmental, employment and workforce development innovations. SJF Ventures believes that there should not be a trade-off between investor returns and impacts. Alternatively, the company practices driving positive environmental and societal impacts should also be the same attributes that can help drive growth and accelerate success.
Together, SJF's two funds have invested in 33 companies to date and created more than 6,000 jobs. In 2009 88% of these employees were below area median income, 71% were from minority groups, and 63% were women. Many of these firms also have positive environmental impacts.
A detailed report describing the specific impacts of SJF Ventures portfolio companies can be found here - http://www.sjfventures.com/wp-content/uploads/2010/07/2010-SJF-Positive-...
Impact Management
n.a.
Financial benchmark
Others
Term Description:
Keywords
Bottom/Base of the PyramidLaborMinorities/Previously Excluded PopulationsRuralUrbanWomen