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Social Enterprise Finance Fund (SEFF) |
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The Social Enterprise Finance Fund (SEFF) was established to work in conjunction with the Community Finance Fund – Social Enterprise (CFF-SE). SEFF is designed to support smaller and emerging social enterprises which may not immediately qualify for financial support from the Community Finance Fund – Social Enterprise.
The fund is designed to support social enterprises to develop financial resilience, extend delivery of their products and services and improve performance. As these social enterprises mature the Fund will allow them to invest in their asset base, building their financial strength over the long term.
Fund Summary
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Status
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Currently closed to new investment.
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Manager
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Social Investment Australia Limited
ACN 127 962 976; AFS licence 339844
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Investment objectives
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The Fund aims to provide investors with exposure to a diversified finance portfolio exclusively serving the social enterprise sector.
The fund will primarily invest in a portfolio of enterprise loans designed to promote the growth and development of social enterprises and interest bearing cash investments.
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Fund size
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$1,200,000
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Distribution rates
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A target benchmark distribution rate for the fund has not been set and no warranty or guarantee that any particular distribution rate will be made.
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Payment
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Distributions, when declared, are paid monthly in arrears.
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Valuing fund assets
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Fund assets are valued in accordance with our valuations policy.
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Unit price
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The current issue price is $1.00.
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