blue moon fund

Currently, blue moon has invested $23,692,800 in mission impact investments through program related investments (below market rate returns) or mission impact investments (market rate returns).  Listed below are several examples of how blue moon has integrated this philosophy:

 

Program Related Investments

Organization: Asia Pacific Fuel Cell Technologies, LTD

Project: Hydrogen Fuel Cell Development

Mission: To preserve the natural environment and prevent environmental degradation by supporting a demonstration program of fuel cell-based zero emissions scooters; development and implementation of mass production technology to provide access to fuel cell-based zero emissions scooters to the general public, particularly in areas with high degrees of noise and air pollution; research and development of technologies associated with the production of fuel cell-based zero emissions scooters; research, development and implementation of fuel cell-based systems for general application; and various exhibitions and educational programs aimed at educating the general public and policymakers on the benefits of fuel cell-based zero emissions scooters and associated technologies.

Investment Type: Loan

Amount: $3,500,000

Term: 12/20/2010

Interest Rate: 2% per annum  

 

Organization: Cambodian Center for Study and Development in Agriculture

Project: demonstration program on the effectiveness of systematic rice intensification (“SRI”) as a farming method in order to protect and conserve the environment and improve livelihood of poor farmers

Mission: To conduct and broadly disseminate the results of a demonstration program to educate the public about overall effectiveness of certain specific farming techniques by securing commitments from poor farmers in Cambodia to adopt “System of Rice Intensification” (SRI) techniques and follow the principles of organic agriculture and helping to alleviate poverty and distress, combat community deterioration, conserve and protect the environment, and promote nutrition and public health

Investment Type: Loan

Amount: $277,800

Term: Interest and principal due 12/31/2011

Interest Rate: 9% per annum

 

Organization: National Housing Trust – Enterprise Preservation Corporation

Project: Redevelopment of Affordable Housing, Resident Services

Mission: To rehabilitate the apartments at Friendship Court for decent, safe and affordable housing for very low-income individuals and families, and to prevent the transfer of this property to uses other than housing for the low-income population of Charlottesville, VA.  Along with the rehabilitation of the apartments, residents have benefitted from resident services which include GED education, kid’s after school and summer programs, job fairs, etc.

Investment Type: Loan and Grant

Loan: $1,250,000                  

Grant: $500,000

Term: Due 10/25/2018

Partners: National Housing Trust, Piedmont Housing Alliance, NHTE Piedmont, Garrett Square Limited Partnership

Interest Rate: 2% per annum

 

Organization: Transition Energy, Ltd.

Project: Energy efficiency and sustainable energy in China

Mission: To protect and preserve the environment by supporting the identification and development of a demonstration project that would utilize clean and efficient on-site cogeneration(combined heat and power) and trigeneration (combined power, heating and cooling) technologies to mitigate the adverse impacts of energy use in China and to educate the public on the feasibility of applying these technologies to achieve positive environmental impacts on a cost-efficient basis through the dissemination of the results of the demonstration project.

Investment Type: Equity investment -preferred stock

Amount: $165,000

Term: callable at any time for specified amount

Expected Return: preferred dividend 5% per annum

Direct Mission Related Investments

Organization: EKO Green Carbon Fund, LP

Project: To preserve the natural environment and prevent environmental degradation by investing in US carbon market focused on agriculture, forestry and other land-use changes.  By investing in a small fund, we allow the asset management firm develop investment expertise in these areas and develop a pipeline in anticipation of US cap and trade legislation and prove investment models for this space.

Investment Type: Equity

Amount: $750,000

 

Organization:   RSF Social Investment Fund

Project:  To make loans to mission-aligned organizations and projects with a focus on the following sectors:  Food & Agriculture, Education & the Arts, and Ecological Stewardship.

Investment Type: Loan

Amount: $500,000

Term: Quarterly

Interest Rate:  Determined quarterly

 

Organization: Ecosystem Investment Partners II, LP

Project: To preserve the natural environment and restore environmental degradation by acquiring, restoring, and protecting large rural properties that generate significant, current cash flow through the sale of wetland, stream, and endangered species mitigation bank credits.  

Type: Equity

Amount: $3,000,000

 

Organization: Ecosystem Integrity Fund, LP

Project: To address threats to ecosystem integrity by investing in business and projects that contribute substantively to reducing or ameliorating key threats to ecosystem integrity:  land fragmentation and conversion, depletion of productive capacity, and contamination of land, air and water

Type: Equity

Amount: $2,000,000

 

Organization: Mountain Hazelnuts Group Limited

Project: To establish a world-class agri-business in Bhutan that leverages global best practices, with the purpose of creating meaningful, recurring cash income for subsistence farmers in their traditional communities; rehabilitating a fragile and degraded environment; building a sustainable industry, together with infrastructure and institutions that support Bhutan’s development;  and generating excellent financial returns for the shareholders and other stakeholders.

Type: Equity

Amount: $2,000,000

 

Mission Aligned Impact Investments

Investment: Generation IM Global Equity Fund

Investment Strategy: To purchase attractively priced, high quality stocks for businesses that incorporate sustainability issues into the way they run their businesses

Type: Limited Partnership interest

Amount: $3,000,000

 

Investment: Generation IM Asia Fund

Investment Strategy: To invest in a long-only portfolio of securities issued by Asian Companies that integrates sustainability research within a rigorous fundamental equity analysis framework. Generation believes long-term equity research requires a broad, systemic view of future business risks and opportunities by recognizing social, economic and environmental challenges facing companies.

Type: Limited Partnership interest

Amount: $2,000,000