HNEF II Fund Structure
- $42 million quadruple bottom line private equity fund
- Meets the need for patient, lower cost, long-term equity capital
- 6% target return to Limited Partners
- 10-year investment term
- 2% management fee
- 5% first loss reserve reduces risk and protects yield to Limited Partners
- Diversified portfolio of real estate investments mitigates concentration of risk
HNEF I Track Record
- HNEF I – our first Fund – is fully invested in a portfolio of nine projects in greater Boston for a total of $21.3 million
- Investments are in Boston (5), Chelsea, Braintree, Haverhill and Beverly. Seven are completed and are either operational or in lease-up. One Boston project has already exited
- These nine investments have leveraged an additional $144 million in private and public investments in low- and moderate-income neighborhoods, resulting in the creation of 586 new mixed-income homes and 139,423 sq. ft. of commercial space
The Quadruple Bottom Line
- HNEF's Quadruple Bottom Line approach to evaluating potential investments considers community, environmental, and health impacts in addition to financial returns
