Caribou Community Fund
Why us? Holistic Approach
CSCNL is uniquely positioned due to our holistic approach, working in deep collaboration across the private, public, community, academic, and labour sectors to drive socio-economic change. This year, we launched the Social Innovation Lab, a pivotal initiative aimed at enhancing our capacity-building efforts. The Social innovation Lab serves as a cornerstone for establishing a Place-Based Impact Fund, which will provide targeted financial resources to support localized socio-economic development. By fostering these strategic partnerships and initiatives, we are committed to creating sustainable and impactful solutions for the communities we serve.
Solution: Caribou Community Fund
A place-based fund focused on making impact-driven investments in changemakers to foster sustainable, resilient communities in Newfoundland and Labrador
Our strategic focus areas leverage Newfoundland and Labrador's unique strengths and address its key opportunities. We aim to tackle the rural-urban divide with locally-led initiatives, harness our rich cultural heritage to boost the creative economy, and ensure the economic benefits of our natural resources remain within local communities. Additionally, we support the transition to a low-carbon economy and invest in socio-economic factors to unlock long-term benefits. These initiatives are designed to foster sustainable development and enhance the quality of life in our province.
Our fund structure includes a share class design for equity, debt, and capacity capital, attracting a diverse mix of investors. We have identified over $30 million for our pipeline, initiated conversations for $20 million, and are pitching for over $10 million. Initially, we will focus on debt investments to build credibility, with plans to incorporate more hybrid and equity investments as capital recycles.
We are open to making a wide array of products available to meet investees where they are.
Fund Management
We will leverage the capacity, expertise, and resources of the Community Sector Council of Newfoundland and Labrador to support the fund while ensuring its long-term sustainability. The Caribou Community Finance Fund will be a separately incorporated entity with a management agreement with CSCNL.
