Canadian Co-operative Investment Fund
Email: info@ccif-fcic.coop
Website: http://ccif.coop/
Telephone: 6133661169
Office Headquarters Address:
400-275 Bank Street, Ottawa, ON K2P 2L6
400-119 Spadina Ave, Toronto, ON MV5 2L1
Background
Year Founded: 2018
Mission & Mandate: To serve the capital needs of the co-operative sector through the provision of loans, quasi-equity and equity that are flexible and tailored to the specific co-operative model. We draw on extensive experience to structure financing opportunities that are customized to our investee’s needs and complementary to other financing tools in the sector. We provide co-operatives with the financial tools they need to serve their communities.
Description: The Canadian Co-operative Investment Fund (CCIF) was founded and established by Co-operatives and Mutuals Canada, a member-driven association that supports, promotes and unites co-operative and mutual organisations. CCIF helps Canadian co-operatives grow by providing access to much-needed capital. CCIF is a $25 million fund that provides alternative financing for co-operatives that are creating long-term community benefit throughout Canada. Together with our investees and our investors, we are generating lasting impact across Canada and improving the strength of the co-operative sector.
Sectors
– Affordable Housing
– Biodiversity & Conservation
– Business & Financial Literacy
– Cleantech
– Community and Social Purpose Real Estate
– Community Arts & Media
– Community Economic Development
– Co-operative, Community & Social Enterprise
– Education & Skills Development
– Employment & Training
– Food Security
– Green Buildings & Retrofits
– Health & Well-being
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management
– Sustainable Transportation & Infrastructure
– Youth
Fund Characteristics
Canadian Co-operative Investment Fund LP
AUM: $25 million
Vintage year: 2018
Closing year: Remains open
Fund term: Evergreen
Asset class: Private debt
Investor eligibility:Institutional, Accredited
Minimum investment: $150,000
Committed capital: $3.21 million
Average investment size: $190,000
Geographic scope: Canada, USA
Investee type: Co-operatives
Investment stage: Early, Mid, Late
Success Story
Fredericton Bouldering Cooperative
Fredericton, NB | 2019
Project name: Startup financing for Fredericton Bouldering Co-operative
Financing: CCIF worked with FBC to structure a term loan that covered the gap in capital and enough to support the co-op’s first year of operations.
The Fredericton Bouldering Co-operative (FBC) was founded in 2018 to create a new state-of-the art bouldering gym that would replace a university gym that was being demolished. The bouldering gym brings together the rock climbing community and provides other programming in the space for community members. FBC raised money through the community and private investments in order to fund the construction of the new gym, but there was a gap in capital needed to cover the full cost of the project. CCIF covered this gap by providing a loan to FBC, and the startup is now thriving in its new facility.
