TORONTO—Investeco Canada’s first environmental investment fund has completed another close for the Investeco Sustainable Food Fund.
The investment firm says interest in the fund by institutional and high-net-worth investors demonstrates the growing move in Canada towards “impact investments” that provide a financial as well as an environmental or social return.
Investors in the Sustainable Food Fund included leading foundations such as The J.W. McConnell Family Foundation, The Harbinger Foundation, the Inspirit Foundation, The Metcalf Foundation and Tides Canada Foundation.
“At Metcalf, we have been focused on building more balanced, healthy and resilient food systems through our granting program. Investing in companies that can promote and expand these benefits allows us to increase our impact while securing a financial return,” said Sandy Houston from the Metcalf Foundation.
The Investeco Sustainable Food Fund will invest in expansion-stage companies promoting sustainable solutions in food and agriculture.
The Fund will be focused primarily on investing in Canadian-based companies. Past investments in this sector include Organic Meadow and Rowe Farms.