Commitment to Action

Catalyzing Investment in Pay for Success

Commitment by

Nonprofit Finance Fund

In 2014, Nonprofit Finance Fund (NFF) committed to bring subordinated debt investment capital to the market to support and catalyze Pay for the Success transactions. By reducing the investors' potential loss, NFF's subordinated investment will help entice commercial, return-motivated lenders to participate in PFS deals and increase the amount and access to capital of strong provider organizations across the country. Over the next year, NFF commits to investing up to $1.1 million in one to three PFS transaction and aims to leverage eight times this amount from philanthropic and other subordinated debt investors. NFF will explore various sectors for this investment, including health, youth and families, and/or homeless services space.

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Overview
Summary

Commitment

Catalyzing Investment in Pay for Success

Launched

2014

Est. Duration

1 year

Estimated Total Value

$1,100,000

Region

Northern America

Countries

United States

Commitment by

Nonprofit Finance Fund