Good Returns, a Dallas-based hybrid social enterprise that works to help businesses create sustainable social impact, and Inverdale Capital Management have announced a capital raise of $10 million for their Guarantee-Investment-Values Strategies fund.
GIVS provides a guarantee for impact lending programs and also targets a financial return for participating investors. The $10 million raised for the fund will be used to provide a backstop for the Good Returns Cycle program, which moves capital from businesses and corporations into sustainable, problem-solving organizations in the form of interest-free loans. Investors in GIVS designate a portion of their managed assets to serve as collateral for a loan, while the assets remain continuously invested throughout the life of the cycle.
"Our GIVS impact investment guarantee program has made it possible to offer companies the opportunity to participate in Good Returns Cycles that are much larger in both impact and scale," said Good Returns president Kyle Lukianuk. "Good Returns can now help many more companies deploy sustainable capital for good."
(Photo credit: Good Returns)