blue moon fund

Currently blue moon has invested $6,185,000 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: 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 with an equity conversion provision

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: $270,000

Term: Interest and principal due 12/31/2010

Interest Rate: 2% per annum

 

Organization: National Housing Trust – Enterprise Preservation Corporation

Project: Redevelopment of Affordable Housing, Resident Services

Mission: To rehabilitate the apartments at Friendship Court to will be used as 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

Amount: 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

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: Zep Solar

Project: To preserve the natural environment and prevent environmental degradation by developing and producing the solar industry’s first comprehensive platform for PV system integration which reduces the cost of materials and the installation labor making the installation of solar panels more economical for the end user and thus providing cheaper alternative energy options to the general public.

Investment Type: Equity

Amount: $250,000