Government of Canada announces three Social Finance Fund wholesalers

Realize Capital Partners, Boann Social Impact, and CAP Finance will administer the long-awaited fund

Why It Matters

The federal government says its plan is to catalyze $2 in private social investment for every $1 spent throughout the $755 million Social Finance Fund’s administration. That’s a huge amount of money for social purpose intermediaries.

This independent journalism is made possible by the Future of Good editorial fellowship on social finance and impact investing for an equitable future, funded by Suncor Energy Foundation.

On May 29, Minister for Families, Children, and Social Development Karina Gould launched a long-awaited $755 million Social Finance Fund. It has been a six-year journey since the first announcement of the fund as part of the Ottawa 2018 Fall Economic Statement. 

“It was a tough process,” the Minister said at the launch event in Ottawa. “We have never done this before. We had to build something new and find a way government can work with non-profits, social innovators, and the financial sector. But, in the grand scheme, six years is not that long.”

The fund, a long-term program, will run until 2039. It includes conditionally repayable contributions to invest in so

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