Scalable platform expands investor access to high-impact loan fund
RSF Social Investment Fund, Inc. has closed the first offering of its CUSIP-assigned Broker Notes. Gross proceeds to RSF from the initial closing totaled $5,420,000. The Broker Notes are listed on Bloomberg through exclusive bookrunner Performance Trust Capital Partners, LLC, a FINRA-registered broker-dealer.
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By bringing Broker Notes to the electronic brokerage market, RSF has made it considerably easier for investors to align their capital with their impact goals.
These three-year Broker Notes bear interest at a fixed rate of 3.5% per annum and require a $5,000 minimum investment in RSF’s Social Investment Fund, which deploys catalytic capital to social enterprises working in climate and energy, food and agriculture, education, and community impact.
For the first time, investors were able to access RSF’s 40-year-old, deep-impact Social Investment Fund through the purchase of Broker Notes in a streamlined, scalable format. The CUSIP number assignment removed manual onboarding hurdles that previously limited access for registered broker-dealers, investment advisors, institutions and asset managers.
“This launch marks a transformative moment for RSF and is an encouraging uptake for a unique offering like ours,” said Jasper van Brakel, RSF president and CEO. “By bringing our Broker Notes to the electronic brokerage market, we’ve made it considerably easier for investors to align their capital with their impact goals.
“The Broker Notes are a powerful tool: a product that stays true to RSF’s mission while expanding our reach to new wealth advisors who are ready to drive meaningful social and environmental change,” added van Brakel.
RSF intends to offer the new Broker Notes on a continuous basis as it aims to grow the Social Investment Fund over the next five years.
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