Natalie Hazen is excited about her new fund launch that will provide investment capital to skilled trade organizations in Michigan.
Natalie is a resident of Midland, Michigan and plans to oversee the operations in partnership with Impact T3 and Gingras Global. Hazen's inspiration took root when helping to assess organizations such as the Welding Artisan Center in Detroit and Detroit Sewn in Pontiac. As she discovered the capital gap for skilled trade organizations, she began to search for capital pools friendly to this type of manufacturing.
"The reality is that these are not sexy technology companies that can scale and become the next venture capital dream, these are skilled trades such as welding, auto mechanics, industrial sewing, and types of farming and construction. The Michigan employers need the basic and intermediate labor pools but have to outsource to other states. We need to create jobs and I decided I needed to step-up and see if I could help."
Hazen pointedly decided that the potential portfolio companies would need to have three characteristics to apply for investment from the fund:
1) they have to teach and employ a skilled trade
2) the skilled trade must fill a current labor pool gap for Michigan employers
3) the employees must be provided with a time for innovation during their work month
The fund will open in January of 2017 for investor contributions and will be regulated as a 506(b) offering which is only available to accredited investors. The investment ask will be a minimum of $20,000 and will have the option to spread that out over a 4 year period.
Hazen says this will be patient capital meaning that the investors will be unlikely to see any financial returns for the first 5 or 6 years but intends to target a 4% annual average for the member investors.
For more information on this fund, please contact Natalie Hazen at email@example.com
Romy interviews Ginny Fischbach of Impact 100 in Oakland County, Michigan.
What happens when 100 women each bring $1000 for social good? Find out in this great episode.
Jump over to the website for the podcast at www.bonfiresofsocialenterprise.com
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The community of Albion, Michigan is about to get some help from the Albion College Alumni. The Alumni group is providing a way to get involved with capital investment and talent. The mission and goal of the new impact capital group is...
"To partner with the efforts of Albion College and other for-profit, charitable, educational and government organizations to build a new model of economic sustainability for small towns across the nation. By rebuilding the City of Albion, we can show how to rebuild small towns across America."
New Albion Impact Group, LLC will enjoy the leadership of Impact T3 Management Co, LLC and plans to use Albion College students to assist with Assessment and due diligence in partnership with Gingras Global.
Some of the private equity impact capital organizations are groups and some are registered as funds. While both may provide capital, some of the organizations are providing additional support in the form of coaching, mentoring, skill building, networking, projects, and forums. The additional services provided have an impact on two organizations: the investee and the capital organization by allowing additional reasoning for SEC exemptions.
The New Albion Impact group is accepting accredited investors through mid-June of 2016!
Congratulations to Impact T3 for an incredibly successful capital raise on their first fund company, Impact C3 Group!
Impact T3 now has 48 members and they closed April 30th of 2016 for social impact investing in Pontiac, Detroit, and the broader Woodward corridor!
The Impact T3 team successfully found a way to offer a way to pool philanthropic-hearted capital for true investment.
The low initial dollar amount gave many a chance to get involved and learn about social impact investing.
Thank you for bringing so much credibility to this new space of investing.