Toronto-based Realize Capital Partners, a fund-of-funds manager, has announced a second round of funding, committing $32.5 million CAD to seven impact-focused fund managers through its Realize Fund I.
These investments are part of Canada’s federally backed Social Finance Fund (SFF) initiative.
Supporting Impact-Driven Funds
The recipients of Realize’s latest investments include:
- Amplify Capital
- Area One Farms
- Flowing River Capital Partners
- Heartwood Trust
- Misfit Ventures
- Regenerative Capital Group
- Thrive Impact Fund
Several of these funds are led by women or first-time managers. They focus on a variety of social and environmental challenges, ranging from economic reconciliation through Prairie-based investments by Flowing River Capital Partners to supporting ventures led by 2SLGBTQI+ community members via Misfit Ventures.
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Growing Canada’s Social Finance Ecosystem
The SFF, a $755-million CAD federal initiative launched in 2023, aims to grow Canada’s social finance market by supporting innovative solutions to pressing social and environmental issues. Realize is one of three fund-of-fund managers chosen to deploy SFF capital, alongside Boann Social Impact (Toronto) and CAP Finance (Montréal).
Between 2022 and 2026, Realize is set to receive $153 million CAD in SFF funding. The firm aims to leverage at least $2 in private capital for every $1 of federal funding, with a target of raising $405 million CAD for Realize Fund I.
Portfolio and Impact Focus
With this second round, Realize has committed a total of $67.7 million CAD across 16 investments in 2024. These investments bring unique strategies in real assets, private equity, and real estate while maintaining a dual focus on financial returns and measurable impact.
Lars Boggild, Portfolio Manager at Realize, stated:
“Our growing portfolio demonstrates that achieving risk-adjusted returns alongside strong positive impact is possible. These investments highlight innovative approaches to solving complex social challenges.”
About Realize Capital Partners
Formed as a joint venture between Rally Assets and Relay Ventures, Realize Capital Partners aims to scale transformative solutions by supporting impactful fund managers. The firm is deeply integrated into Canada’s impact investing ecosystem, leveraging expertise to address systemic challenges in collaboration with public and private sector stakeholders.
This funding further solidifies Realize’s role in shaping Canada’s social finance landscape, fostering innovation to address critical societal and environmental challenges.
