Diversified Impact Fund  

Dear Investor,

We are pleased to share an update on the activities of the SVA Diversified Impact Fund (DIF) over the past few months. 

As the DIF moves from investment period into portfolio mode, Rebecca Parkinson will be leaving SVA. Rebecca joined the team in March 2022 to lead the management and deployment of the DIF. She brought with her a strong set of structuring skills as well as a data driven, analytical approach to the investment process. She has provided excellent leadership of the DIF and leaves the team in a solid position to manage the existing investments in the fund. I would like to use the opportunity to thank Rebecca for her contribution, her sound judgement and ensuring rigour and discipline continued to be applied to the investment process.     

On Rebecca’s departure, the responsibility of the DIF will sit with me as Executive Director, with support provided by the other members of the SVA Impact Investing team. Please note the investments in the portfolio are all currently performing in line with expectations. The June 2023 quarterly investor report (distributed mid-August) and the annual investor report (coming in October) will cover the details of these investments. 

Key investor information

Investor Distribution

A $450,000 distribution (or 3 cents per unit) was made to investors in June 2023.  Future distributions to investors will be made as investments mature and are realised. 

Launch of Arc social impact bond: breaking the cycle of reoffending and homelessness

SVA has recently launched the new Arc SIB, to deliver a program in partnership with the Victorian Government, Vacro and a number of Community Housing Providers. 

The Arc SIB offers Investors the opportunity to earn a competitive risk adjusted financial return while creating a lasting difference in the lives of people leaving prison who are at risk of homelessness. 

The Arc Program will provide at least three months of planning and rapport-building prior to release from prison, two years of innovative, intensive case management support post-release and, crucially, access to stable housing. The Program draws heavily on local and international evidence.  

If you are interested to invest in the Arc SIB, please see our website for further information including the Information Memorandum. 

Fund portfolio

The information in this email is for general information purposes only and in passing it and any other material on to you Social Ventures Australia (SVA) is not providing you with any legal, tax, investment, financial or other advice. Nothing in this email should be construed or relied on as a representation, recommendation, endorsement, solicitation or offer by SVA or any third party in relation to any organisation, financial products or other investment. Before making any commitment of a legal or financial nature, you should carry out your own inquiries and seek such professional advice as you may require. SVA does not receive any remuneration or other benefit for passing on this information.