Press Release: Calvert Foundation Announces Capital Aggregation Investment Business
Wednesday, May 3, 2017
Calvert Foundation, one of the world’s leading financial institutions focused on building a more efficient impact marketplace by providing flexible capital at scale to a diversified, global portfolio of mission-driven organizations, today announced a new business line, Capital Aggregation. The new business line expands Calvert Foundation’s existing services to more actively aggregate and facilitate capital to meet the evolving needs of the communities they serve. The Capital Aggregation business pools capital from multiple institutional and accredited investors, in the form of syndications and participations in fixed income transactions, to enable investment at scale in mission-driven organizations.
Calvert Foundation will originate and structure each Capital Aggregation transaction and act as administrative agent, leveraging its unique reputation as a trusted partner to investors and mission-driven organizations alike. Calvert Foundation will target deals in the range of $10m-$50m and expects to participate in every transaction, ensuring an alignment of interest with investors. Over the past 24 months, Calvert Foundation has already identified approximately 50 institutional and accredited investors interested in placing capital in Calvert Foundation originated Capital Aggregation transactions, and the organization is actively seeking to expand this base.