The SVA Social Impact Fund (SIF) is a $7.3m fund established to provide loans and equity investments to Australian social enterprises. The SIF was founded in 2012 with a seed funding grant from the Australian Government, matched with investment from private investors.
The launch of the SIF saw SVA work proactively to catalyse the impact investing market in Australia, resulting in 37 committed investors.
The SIF provided loan and equity investments between $100,000 and $1.5m to ten social enterprises and housing projects. The SIF has generated competitive returns (approximately 7% IRR per annum since inception) and created meaningful impact, as outlined in the table below.
SVA is currently raising $10 to $15 million to fund the SVA Diversified Impact Fund, the successor of the SIF.
Numbers are current as at 30 June 2017