Truss Fund I and II

Date: 2020, 2023

Asset Class: (Partially) Recoverable Grant

Description:  Truss Fund I provided emergency loans during Covid of up to $100,000 to social enterprises that are employing market-driven solutions to end global poverty and protect the planet. The loans are to alumni of the Miller Center for Global Impact's accelerator program. The Fund was successful, so Truss Fund II was formed to address the ongoing difficulty in the market of raising reasonably priced debt.

Why We Invest: From mentoring social enterprises at the Miller Center’s accelerator, we recognize their high quality and impact. Providing critically needed funds to well vetted social enterprises is a compelling risk, impact, return combination. The crowded in capital and subsequent impact makes the investment even more compelling.