Final Close of Realize Fund I

$276.7M fund aims to strengthen Canadian resiliency by growing the social finance market

June 17, 2026

Today we announce the final close of our blended finance, impact fund-of-funds, Realize Fund I, having raised $276.7M in total capital – $141.7M of private capital to match the Government of Canada’s $135M anchor investment in 2023.

With this close, we are delivering on the SFF ambition to use the Government’s capital to multiply and mobilize private capital participation in the social finance market. Fund I’s $276.7M positions it as one of the largest funds in Canada’s impact investment market. The fundraise underscores investor interest in sustainable and equitable Canadian investment solutions and confidence in us to deliver strong impact outcomes and financial returns over the coming years.

The Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, says:

"When Canadian investors support social finance and social purpose organizations, they achieve both financial returns and positive social, economic and environmental outcomes for Canadians. With more than 80 social purpose organizations supported through the Social Finance Fund, this milestone demonstrates how purpose-driven investments are strengthening Canada's economy and communities."

FUND I IN BRIEF

As of May 8, 2026 (fund close)

Large impact fund: $276.7M AUM
Diverse LP base: Includes global intermediaries (RockCreek Canada), Canadian financial institutions (RBC), first-time institutional impact investors (Concordia University, Ronald S. Roadburg Foundation, Canadian Medical Association), experienced impact investors (Trottier Family Foundation, McConnell Foundation, Balsam Foundation, Metcalf Foundation), and community foundations (Saskatchewan Community Foundation, Toronto Foundation and Waterloo Region Community Foundation)
New social finance investors: 32 LPs, over two-thirds investing in social finance for the first time
Strong, growing platform: 40 percent — $111M — committed so far through 24 investment commitments (23 fund investments, one direct co-investment)
Widely impactful portfolio: Major impact areas include climate change mitigation, affordable housing, financial inclusion, quality jobs, energy efficiency, quality health care and racial equity
Building the market: 17 of the 23 existing product issuer partners are new or emerging

The innovative structure, leveraging public investment to derisk the fund, has enabled a diverse set of private investors to participate in the impact economy

Global intermediaries meaningfully participating in the Canadian impact economy
Financial institutions advancing social equity priorities
New entrants initiating their impact investing strategies
Seasoned impact investors diversifying and accelerating their deployment
Community foundations aligning more capital to their mission

Learn more, including the full list of investor voices behind this close, on the Realize Capital Partners website.