Dream Impact Fund is launched
Canada's Dream Unlimited has unveiled the Dream Impact Fund for private investors. In less than six months of fundraising, the private capital business has secured $136 million of commitments for the first close of Dream Impact Fund, one of the world’s first open-ended funds dedicated exclusively to impact investing.
Commitments were obtained from a broad investor base, comprising leading financial institutions, money managers and family offices. These include Oxford Properties Group, Scotiabank, TD, 1832 Asset Management on behalf of Dynamic Funds and Canadian Imperial Bank of Commerce as well as Dream Unlimited Corp, together with three family offices. Scotia Capital served as an advisor to the Fund.
Dream says the Fund’s impact strategy is consistent with the company's three impact verticals: Affordable and Aattainable Housing; Inclusive Communities; and Resource Efficiency.
