OTTAWA, Ontario — Nov. 15, 2023 Today, Boann Social Impact LP announced its pioneering investment in Raven Indigenous Outcomes Fund as part of the Government of Canada’s $755 million Social Finance Fund (SFF). This landmark investment demonstrates the SFF’s potential to back ideas and initiatives that will produce positive outcomes for our communities and our climate.
The Raven Indigenous Outcomes Fund (RIOF) is a first-of-its-kind fund (C$50M) that manages outcomes-based financing instruments to address priority issues in Indigenous communities. The fund will manage outcomes contracts in health and climate. In health, Minoayawin, a community-centred lifestyle intervention initiative, aims to reduce T2 diabetes prevalence using a two-eyed-seeing approach, incorporating Indigenous knowledge systems with Western methods. Outcomes contracts in climate will advance the net zero transition for on-reserve housing through electrification and climate-conscious retrofits targeting energy efficiencies, GHG emission reductions, and localized training and employment opportunities. The Raven Indigenous Outcomes Fund is part of the group of funds on the Raven Indigenous Capital Partners platform, the first Indigenous-focused private equity firm in Canada and the United States. With a targeted first close in December 2023, this fund seeks to build economic reconciliation and implement UNDRIP.