With an initial allocation over the next two to three years, permissible asset classes include loans, fixed income, public equities, private equity (including venture capital and real estate, unique/structured products, and guarantees). The Health Foundation will also consider impact investments across return expectations including both mission-related investments and concessionary rate investments typically referred to as program-related investments.
The investment size for impact investments will range from $250,000 to $1 million, though exceptions may be made on a case by case basis.
The impact investment portfolio will target investments that benefit South Florida, with a particular focus on Miami-Dade, Broward, and Monroe counties. Exceptions can be made for investments that have statewide benefits.
The Health Foundation of South Florida will consider both direct investments and those via financial intermediaries and/or fund managers.