Our Purpose

The San Joaquin Impact Investment Fund will deploy $25 million to build inclusive, sustainable rural and urban economies in nine counties of the San Joaquin Valley (SJV) by:

  1. Targeting flexible debt capital to proven Community Development Financial Institutions (CDFIs), other intermediaries and partners in the region

  2. Partnering with CDFI banks and credit unions to serve the unbanked and underbanked

  3. Learning by all stakeholders though an Impact Investing Learning Network (IILN) that promotes long-term, inclusive investment in the region

Investment Focus

The SVJIIF will invest in diverse organizations and entrepreneurs to make the San Joaquin Valley a healthier place to live, work and prosperl. The Fund will invest in 5 – 10 intermediaries and organizations that increase access to capital, build capacity and deliver services that foster health and prosperity for all in the SJV’s rural and urban communities. Specific Focus areas will include:

  • Clean water systems in unincorporated areas

  • Healthy & fresh food access through enterprises and farms that produce, process and distribute healthy regional food

  • Community health services

  • Affordable & supportive housing for SJV urban and rural communities

  • Education solutions, from quality childcare and early childhood development to K12 education, youth development and post-secondary options for students and adults, including veterans and those returning from the criminal justice system

  • Economic development based on sustainable and equitable land use, including micro, small, and growth enterprises and farms led by entrepreneurs of color, who are most likely to hire a diverse workforce

  • Immigrant integration services/principles, including connections to housing, education, employment and entrepreneurial activity

  • Asset building financial services, including savings, transaction services and loans for households, businesses, farms and nonprofit organizations.

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Fund Structure

  • Amount: $25,000,000

  • Asset Class: Seven-year flexible debt yielding 1 – 2% interest.  The SJVIIF can extend maturity for up to three, one-year terms

  • Use of Proceeds: Long-term debt to capitalize proven and innovative CDFIs, funds and development organizations in a nine-county SJV region.  Up to 10% of SJVIIF capital may be invested in mission-aligned venture capital funds.

  • Structure: LLC and affiliate of the 501©(3) Center at Sierra Health Foundation

  • Lead Investors: Sierra Health Foundation via The Center and Dignity Health

  • Strategic Consultant: Avivar Capital, an SEC-registered investment advisor and impact investing specialist

  • Strategic Ally: San Joaquin Valley Health Fund, regional funder collaborative providing community grants, cluster grant initiatives and policy efforts since 2015

  • Target Close:  2Q 2019

Corporate Structure

 
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