Investment Pay For Success Fund (Reinvestment Fund)
Investor Living Cities Inc
Start Date 2017-00-00
Amount $2,000,000
Goods Philadelphia, May 31, 2017 — Reinvestment Fund today announced the creation of a $10 million Pay for Success (PFS) Fund to support PFS transactions in the United States. QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies, plans to invest $7 million in the fund. Living Cities, a collective of the world’s largest foundations and financial institutions, plans to invest $2 million. Reinvestment Fund will invest $1 million from its core loan fund, which is supported by more than 850 impact investors. Reinvestment Fund will also manage and administer the fund.