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ImpactAssets 50: A Global Landscape of Impact Investment Fund Managers
The ImpactAssets 50 (IA 50) is the first open-source, publicly published database of experienced private debt and equity impact investment fund managers.
https://www.impactassets.org/impactassets-50

ImpactAssets 50

An Annual Showcase of Impact Investment Fund Managers

Raven Indigenous Capital Partners

Total Assets Under Management: Less than $25M
Asset Class: Private Equity
Primary UN Sustainable Development Goal: 10 – Reduced Inequalities
Clean Technology, Alternative Energy & Climate Change
Media, Technology and Mobile
Microfinance/Insurance & Financial Services
Racial and Gender Equity

Firm Overview

Category: Private Equity - Early Stage (Emerging)

Raven Indigenous Capital Partners is an Indigenous-led and owned social finance intermediary headquartered in Vancouver, CANADA. Founded in 2017, Raven currently manages the world's only purpose-driven Indigenous venture capital fund and has pioneered two Community-Driven Social Outcomes Contracts (an adaptation of the traditional SIB model that centres community voice in the design of interventions and outcomes).

Firm Headquarters: US & Canada
Years of Operation: Less than 3 years
Total Assets Under Management:
Less than $25M
Total Number of Investors: Between 5 – 25
% of Capital from Top 3 Investors: 25% – 49%
Investment Thesis:

Raven provides seed and early stage equity to purpose-driven Indigenous enterprises across Canada that demonstrate commercial viability, scalability, and measurable community benefit streams.

Investment Overview:

Indigenous entrepreneurs face systemic barriers in accessing appropriate capital across Canada. This stems from three inter-related challenges: the Indian Act precludes the collateralization of on-reserve property; the paucity of inter-generational wealth transfer (friends and family); and the increasing prominence of technology and technology-enabled enterprises whose capital requirements cannot be met be traditional debt providers. The provision of purpose-driven equity and equity-like capital is needed to ignite the Indigenous enterprise ecosystem and contribute toward economic reconciliation.  

Company Differentiator:

Canada currently has a network of 59 Aboriginal Financial Institutions (AFIs) that offer secured debt (up to 250k) to First Nations, Metis, and Inuit enterprises. There is currently no purpose-driven venture fund that provide equity and pre- / post-investment support. As an Indigenous-led and owned intermediary, Raven is also working diligently to decolonize the investment process for Indigenous entrepreneurs, ensuring cultural relevance and safety at each stage of the process.

Investment Example

In 2019, Raven Indigenous Capital Partners made a tranched 750k equity investment in Animikii Indigenous Technologies (www.animikii.ca). Animikii is both an integrated digital services agency and custom software developer. Raven's investment will permit the development of Niwiin, a data sovereignty application that will allow Indigenous peoples across Canada, the United States, Australia, and New Zealand to manage information in a manner consistent with Indigenous ways of knowing and being and the right of self-determination.  

Leadership and Team

Cumulative Leadership Experience in Investing:
10 – 19 years
Cumulative Impact Experience of Top Three Firm Leaders:
10 – 19 years
Jeffrey Cyr – Managing Partner More Info

Bringing an Indigenous approach to equity investment/ fund management, combined with innovation in social finance tools for Indigenous communities in Canada. Using extensive experience in negotiation, leadership, social innovation and strategic policy to build new economic approaches and fundamentally change how we build economies in a modern complex world.

Paul Lacerte – Managing Partner More Info

Stephen Nairne – Chief Investment Officer More Info

Internationally experienced executive dedicated to the development and management of innovative impact investment and social finance tools to alleviate poverty and empower communities across Canada and Sub-Saharan Africa.

Percentage of Investment Professionals who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
50% or more
Percentage of Management Team who are Women and/or Under-Represented Groups in Firm's Geographic Focus:
50% or more

Financial Performance

Target Financial Returns Relative to Benchmark:
Near-market Rates
Actual Performance Relative to Target Financial Returns in the Past Three Years:
In line with initial target returns
Financial Reporting Frequency to Investors or Donors
Quarterly

Impact Performance

Percentage of Total Assets Under
Management that are Impact Investments:
100%
Primary Impact Outcomes:
Addressing climate change and environmental issues
Alleviating poverty
Conserving land, ecosystems and natural resources
Increasing access to financial services
Secondary Impact Outcomes:
Increasing access to healthcare services and improving health
Increasing access to water and sanitation
Value-added Services Offered:
Access to markets
Business and legal training
Financial literacy training

Investments systematically target companies where social and/or environmental impact is integral to the product/service being created:

Raven screens all investment opportunities for intentionality in delivering measurable social and/or environmental impacts. We are particularly interested in Indigenous enterprises where impact is embedded in the product or service.

Investments systematically include social and environmental sustainability practices in the due diligence process:

Opportunities are specifically screened for Indigeneity based on ownership, control, management, and primary clientele. We carefully investigate employee diversity, supply chain, and customer market segments. 

Impact Tracking and Monitoring

Impact is Tracked:
Yes
Social and/or Environmental Impact is Reported to Investors and Donors:
Yes – to investors and donors
Third Party Validations:
Participant on steering committees or leadership roles within impact industry associations
Publisher or contributor to industry white paper or other research in impact investing
None

Learn More

Key Contact Name: Stephen Nairne
Phone: (604) 617-9255
Mailing Address:

Suite 510 - 1155 Robson Street, Vancouver, BC CANADA

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