Investment Schedule:

Renewal2’s First Close happened on May 29, 2009 with $18 million committed!  The second and final close is May 31, 2010.  All investors are required to advance 20% and capital calls will be made as investments are chosen over the first two to three years of the fund.

Target Return:

Renewal2’s target return is a minimum of three times return on investment over the life of the fund.  We feel confident in this target based on the Renewal Partners track record of over 15 years social venture investing.

Fees:

Management fees for the fund are 2% per annum. Renewal2 also has a performance fee which provides for a sharing of returns between investors and the Renewal2 Management Company. Investors will receive the return of their capital, an 8% priority return (before fees) and overall 80% of returns, with the other 20% going to the Management Company as a performance fee. This common structure is designed to prioritize the initial returns for investors while aligning the interests of managers and investors. The owners of the Renewal2 Management Company have pledged to donate percentage of their interest in the company to charity.  

Renewal2 Investment Fund is a Limited Partnership Fund and all investors must qualify as accredited investors.