New Market Funds is a specialized fund manager that takes an integrated approach to deliver market competitive investment performance with long-term community benefit.
We combine extensive sector-based experience and relationships with a rigorous investment process to connect community need with investment capital.
NMF Rental Housing Fund invests in purpose-built, stabilized multi-family affordable rental housing in partnership with strong existing non-profit operators. The Fund’s innovative partnership approach unlocks attractive investment opportunities not otherwise available in the conventional market, delivering market competitive financial returns and long-term community benefit.
The Fund’s first four investment commitments total 358 rental units of family, workforce, elderly, and special needs housing, which are affordable on average to households earning 70% of the area median income. The Fund will provide approximately 9% of the $120 million combined value of the developments.
The Fund’s first close was achieved through the investment of leading institutions and families from across Canada. We thank all our investors for their support.
We are listed on GIIN’s Impact Base.
Contact us to learn more.
20+ years in capital deployment including Vancity, Turtle Creek and Scotia. Masters degrees from Johns Hopkins University and London School of Economics and BA from Simon Fraser University.
15+ years of leading community housing and development corporations as CEO of Toronto Community Housing and COO of Build Toronto. Deployed 500M+ in real estate in Canada. BA from Carleton University.
20+ years in non-profit real estate development including 13+ years launching and managing funds at Vancity and Housing Vermont. MA and BA from University of Virginia and James Madison University.
25+ years of experience leading complex, urban mixed use development projects for Dream Asset Management Corporation, Freed Developments, The City of Toronto and community-based non-profits. MES (Planning) from York University, BA from McGill University, Registered Professional Planner and Adjunct Professor, University of Toronto.
10+ years in fund management and advisory services at InnoVenture Financial, Veronis Ventures, Investor Growth Capital, and Ernst & Young. MBA from Columbia Business School, BCom from Sauder School of Business, and CFA charter holder.
5+ years in for- and non-profit operations management and logistics for Sonder Inc. in Vancouver, One Acre Fund in Kenya and US Peace Corps in Nicaragua. MPA from Columbia University, BA from Boston College.
15+ years providing development management and advisory services to public and private organizations engaged in affordable housing, multifamily residential, retail, office and mixed-use development. BA in Government from California State University, Sacramento and JD from University of Baltimore.
New Market Funds is a for-profit investment firm owned by a registered Canadian Charity formed by five sector leading organizations.
New Market Funds seeks to identify other sectors, which, similar to its Affordable Multi-Family Rental Housing Fund, combine the opportunity to have a significant long-term impact, market demand demonstrated by a robust pipeline, and an appropriate level of risk and return for investors.
The following resources are helpful in better understanding the work we do and how impact investing works in Canada.
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