Portfolio Investments
With Realize Fund I, we aim to invest in a way that accelerates social equity in Canada and builds the social finance market. We recognize this is an ambitious goal. Inequity is pervasive and deeply rooted, with many complex, often interconnected, causes.
To make meaningful progress towards realizing social equity, we need an investment approach as multifaceted as the problem. We need to invest in initiatives that tackle inequity from different perspectives and positively reinforce one another to strengthen individual, community and environmental outcomes.
We’re building the portfolio to do just that.
An Interconnected Approach to Tackling Inequity
Holdings
As of December 2024
• Amplify Capital Fund III
• Area One Farms Fund V
• Flowing River Capital Fund I
• Heartwood Trust
• Idealist Climate Impact Fund I
• Jubilee Fund
• Maple Bridge Ventures Fund I
• Misfit Ventures Fund I
• New Market Funds’ Rental Housing Fund II
• PaceZero Sustainable Credit Fund II
• Raven Indigenous Opportunities Fund I
• Regenerative Capital Group Fund I
• Relentless Health Pursuit Fund
• The51 Food and Agtech Fund I
• Thrive Impact Fund
• Windmill Microlending Community Bonds
The portfolio will continue to be built over the years ahead.
“This set of investments by Realize Capital Partners is integral to making positive impacts for Canadians and local communities.”
– Jenna Sudds, Minister of Families, Children, and Social Development
Amplify Capital Fund III
PRODUCT ISSUER
Amplify Capital Partners, a woman-led, established SFI with a record of working to strengthen Canada’s impact investing sector.
Based in Ontario, investing primarily in Canada.
PRODUCT
Urgent and massive pressing challenges persist within many sectors. By investing in scalable impact-focused tech ventures focused on delivering positive climate, health and education benefits, Amplify Capital Fund III is supporting climate mitigation and improving people’s health outcomes and job opportunities.
Main Impact Areas:
- Climate change mitigation
- Quality education
- Quality health care
Asset Class: Venture capital
“We are thrilled to welcome Realize Capital Partners as a Limited Partner in Amplify Capital’s third fund. This investment is contributing to Amplify Capital's mission of investing in early-stage companies across North America solving high-impact global challenges in Climate, Health, and the Future of Work, in pursuit of superior returns alongside exceptional impact."
Area One Farms Fund V
PRODUCT ISSUER
Area One Farms, a woman-led, established SFI.
Based in Ontario, investing in Alberta, Manitoba and Ontario.
PRODUCT
Often, farmers have the expertise but not the funds to grow and improve their farming operations. Furthermore, the increasingly capital-intensive nature of farming deters younger generations from becoming farmers. By partnering with Canadian farmers to invest in land, inputs and equipment, and enhance the viability and sustainability of operations, Area One Farms Fund V is helping to improve farmland and farm operations, making farming a good option for the next generation
Main Impact Areas:
- Sustainable agriculture
- Climate change mitigation
- Quality jobs
- Sustainable land management
Asset Class: Real assets
"This investment will enable Area One Farms to support more Canadian farm families in building out their enterprises to attract more kids back into farming."
Flowing River Capital Fund I
PRODUCT ISSUER
Flowing River Capital Partners, a first-time SFI, which is majority Indigenous owned.
Based in Saskatchewan, investing across Canada.
PRODUCT
Due to a long history of limited opportunity for wealth creation in Indigenous communities, there is a lack of Indigenous companies able to take advantage of Government of Canada efforts to procure products and services from Indigenous-owned companies. By investing in, buying and managing companies and making them Indigenous, Flowing River Capital Fund I aims to drive community prosperity and economic reconciliation.
Main Impact Areas:
- Financial inclusion
- Quality jobs
- Racial equity
Asset Class: Private equity
Heartwood Trust
PRODUCT ISSUER
Heartwood Trust, a first-time SFI that has partnered with Kindred Works, a socially minded developer and property manager.
Based in Ontario and investing across Canada.
PRODUCT
The supply of apartments classified as affordable is far below demand, leaving many low-income households in difficult situations. Meanwhile, current building practices are emissions intensive, creating a multi-faceted challenge. By investing in the development of new low-carbon, purpose-built rental housing, Heartwood Trust is supporting the growth of sustainable, liveable cities.
Main Impact Areas:
- Affordable housing
- Climate change
- Energy efficiency
Asset Class: Real assets
“Our purpose at Heartwood is to create long-term value by building and investing in a new generation of climate-safe, purpose-built rental housing. This anchor investment from Realize Capital enables us to accelerate our mandate and provides a springboard for a more robust capital-raise strategy in Q1 of 2025.”
Idealist Climate Impact Fund I
PRODUCT ISSUER
Idealist Capital, a newly established private equity SFI.
Based in Québec, investing primarily in Canada.
PRODUCT
Growth-stage companies in the energy sector face multiple barriers to scale up. By investing in scalable, commercially ready solutions in Canada, particularly Québec, that decarbonize power supply, electrify transportation and help the transition to a circular economy, Idealist Climate Impact Fund I is helping to tackle climate change
Main Impact Areas:
- Climate change mitigation
- Energy efficiency
Asset Class: Private equity
"This investment is enabling Idealist Capital to accelerate the scale-up of businesses, which support the decarbonization of our economy."
Jubilee Fund
PRODUCT ISSUER
Jubilee Fund , an established, community-based SFI.
Based in and investing in Manitoba.
PRODUCT
Social purpose organizations in Manitoba that help reduce poverty have trouble accessing patient, flexible loans. Through its community lending program, Jubilee Fund is enabling such organizations to grow, thereby helping to improve livelihoods, the social determinants of health and community cohesion
Main Impact Areas:
- Affordable housing
- Quality education
- Quality health care
Asset Class: Private debt
Maple Bridge Ventures Fund I
PRODUCT ISSUER
Maple Bridge Ventures, an immigrant-led, first-time SFI.
Based in Ontario, investing across Canada.
PRODUCT
First-generation immigrant entrepreneurial founders face ongoing barriers and biases to access capital, hampering their contributions to Canada’s economy and society. By investing in immigrant-led ventures, focused on health and sustainability, Maple Bridge Ventures Fund I is diversifying the social finance market and creating greater opportunities for equity-deserving groups.
Main Impact Area: Financial inclusion
Asset Class: Venture capital
"Maple Bridge Ventures deeply values the transformative investment and catalytic partnership of Realize Capital Partners. As the fund’s first major investor, Realize’s commitment has been a true game-changer, providing not only critical capital but also unlocking additional strategic investments."
Misfit Ventures Fund I
PRODUCT ISSUER
Misfit Ventures, a first-time SFI, founded and led by members of the 2SLGBTQI+ community.
Based in British Columbia, investing primarily in Canada.
PRODUCT
Historically facing financial exclusion, 2SLGBTQI+ founders have limited access to capital. By investing in early-stage technology ventures led by 2SLGBTQI+ founders, with a focus on intersectional equity-deserving groups and those operating in impactful sectors, Misfit Ventures Fund I is diversifying the social finance market and supporting financial inclusion.
Main Impact Areas:
- Financial inclusion
- Clean energy
- Quality health care
Asset Class: Venture capital
"This investment enables Misfit Ventures to break down barriers for LGBT+ founders, foster innovation in underrepresented communities, and create lasting social impact. By partnering with The Misfits, Realize is furthering its commitment to championing diversity, equity, and inclusion in the VC ecosystem while supporting groundbreaking ideas that drive both financial returns and meaningful change."
NMF Rental Housing Fund II
PRODUCT ISSUER
New Market Funds, an established SFI.
Based in British Columbia, investing across Canada.
PRODUCT
Existing stocks of affordable housing risk being lost as investors acquire housing stock from existing owners in many Canadian markets. Non-market housing operators often do not have the needed access to capital to compete to secure these housing assets. By partnering with nonprofits across Canada to take ownership of and improve existing housing stock and to create new affordable housing developments, in an environmentally sustainable way, NMF Rental Housing Fund II is helping to create more livable and sustainable communities, strengthen social purpose organizations and tackle climate change.
Main Impact Areas:
- Affordable housing
- Climate change mitigation
- Energy efficiency
Asset Class: Real assets
PaceZero Sustainable Credit Fund II
PRODUCT ISSUER
PaceZero Capital Partners, an emerging private credit SFI.
Based in Ontario, investing primarily in Canada.
PRODUCT
Some sustainability-focused companies struggle to find the capital to scale and such growth is needed to accelerate positive solutions. By lending to early-stage tech companies developing and commercializing innovative technologies that generate positive environmental or social impact, PaceZero Sustainable Credit Fund II is helping to tackle climate change and spur sustainable development.
Main Impact Areas:
- Clean energy
- Climate change mitigation
- Energy efficiency
- Quality education
- Quality health care
Asset Class: Private debt
"Realize Capital Partners’ investment in PaceZero Sustainable Credit Fund II is a strong endorsement of the rapidly growing impact-focused private credit market."
Raven Indigenous Opportunities Fund I
PRODUCT ISSUER
Raven Indigenous Capital Partners, an Indigenous-led established SFI.
Based in British Columbia, investing across Canada.
PRODUCT
Indigenous entrepreneurs in North America face systemic barriers to accessing culturally safe capital to grow and sustain their businesses. By providing follow-on capital to Indigenous-owned and led companies, Raven Indigenous Opportunities Fund I is supporting economic reconciliation.
Main Impact Areas:
- Racial equity
- Financial inclusion
Asset Class: Venture capital
“This catalytic investment has enabled Raven to launch a continuation vehicle that provides high performing Indigenous-led / owned enterprises with access to culturally safe follow-on capital.”
Regenerative Capital Group Fund I
PRODUCT ISSUER
Regenerative Capital Group, a first-time SFI.
Based in British Columbia, investing across Canada.
PRODUCT
Canada is facing an ongoing wave of retirements among business owners and operators, while these existing companies contribute significantly to the existing economy and have significant potential to drive more positive impacts over time. By training entrepreneurial leaders to acquire Canadian businesses as platforms for meaningful impact, growth, purpose and profit, Regenerative Capital Group Fund I aims to embed environmental and social regeneration practices in the core of businesses and help support a regenerative economy.
Asset Class: Alternatives
Main Impact Areas:
- Quality jobs
- Climate change mitigation
- Energy efficiency
- Financial inclusion
- Racial equity
"This investment has helped Regenerative Capital Group demonstrate the incredible potential for Impact Search Funds as an attractive asset class for impact investing in Canada.”
Relentless Health Pursuit Fund
PRODUCT ISSUER
Relentless Pursuit Management, a woman-led emerging SFI.
Based in British Columbia, investing primarily in Canada.
PRODUCT
The global rise in chronic conditions and non-communicable diseases for the aging population combined with pandemic-induced pressures on health care systems demands scalable and preventative care-focused solutions. By investing in early-stage companies led by members of equity-deserving groups that are developing technologies addressing gaps in preventative health and chronic disease management associated with aging, Relentless is helping to improve people’s physical and mental well-being.
Main Impact Areas: Quality health care
Asset Class: Venture capital
"The Realize commitment has elevated Relentless’s leadership in addressing the healthcare needs of our aging population. As we work to improve life with a chronic condition, including addressing the challenges in access to care in remote geographies and isolated seniors, we are delighted to have such a powerful alignment with Realize as a partner on this journey."
The51 Food and AgTech Fund I
PRODUCT ISSUER
NYA Ventures Inc, a woman-led emerging SFI.
Based in Alberta, investing primarily in Canada.
PRODUCT
Female entrepreneurs struggle to find investors, with some statistics showing they receive less than 2% of all venture capital allocated in Canada. Meanwhile, Canada’s agri-food sector has significant potential to reduce negative social and environmental impacts. By investing in Canadian tech companies led by women and diverse teams that are addressing climate challenges, The51 Food and AgTech Fund I is helping to build resilience in the food system, reduce carbon emissions and diversify Canada's social finance market.
Main Impact Areas:
- Financial inclusion
- Climate change mitigation
- Pollution prevention
- Sustainable agriculture
Asset Class: Venture capital
"By channeling resources into diverse founders, we can drive breakthroughs in sustainable agriculture, unlock higher financial returns, and tackle critical global issues like food security and climate adaptation with inclusive, transformative innovation. The51 Food and AgTech Fund is very proud to be on this journey with Realize Partners."
Thrive Impact Fund
PRODUCT ISSUER
Thrive Impact Fund, a woman-led emerging SFI.
Based in and investing in British Columbia.
PRODUCT
Despite having expertise and experience, community organizations can struggle to grow. By providing patient debt capital and revenue-based financing to social enterprises, nonprofits, charities and co-ops based in small communities throughout British Columbia, Thrive Impact Fund is helping organizations create greater community benefit.
Main Impact Areas:
- Financial inclusion
- Climate change mitigation
- Sustainable agriculture
- Racial equity
Asset Class: Private debt
"Realize's investment into Thrive Impact Fund will facilitate more flexible debt to support community and impact projects in British Columbia. With this investment, Thrive will finance non-profits and social enterprises that face barriers to capital, working closely with them to match the right type of capital to help them grow enterprises and acquire assets."
Windmill Community Bond
PRODUCT ISSUER
Windmill Microlending, an established woman-led product issuer.
Based in Alberta, investing across Canada.
PRODUCT
Newcomers to Canada can face systemic barriers to working in their field due to lack of Canadian education, experience and insufficient credit history to access financing for accreditation. By providing microloans to foreign-educated professionals so they can work in the field they trained in before coming to Canada, Windmill Microlending’s Community Bond is helping newcomers integrate into Canadian society, improving individual outcomes and strengthening social cohesion.
Main Impact Areas:
- Financial inclusion
- Quality jobs
Asset Class: Private debt
"This investment will empower over 900 skilled immigrants in Canada to overcome barriers to employment through low-interest loans and personalized career supports. All of us at Windmill Microlending are grateful to Realize and the Social Finance Fund for helping us help newcomers achieve their potential, fuel the economy, and build thriving futures."