Investing in What Works. Rooted in Indigenous Leadership.

Outcomes fund

The Raven Indigenous Outcomes Fund

is a first-of-its-kind $50 million fund that uses outcomes finance to scale Indigenous-led solutions. Built to support community-driven change, the Fund brings together capital from investors, governments, and philanthropy to fund projects that improve lives—while tying repayment to verified results.


We fund what works. And we do it in partnership with the communities we serve.

What we fund

Outcomes Fund I supports a growing portfolio of Community-Driven Outcomes Contracts (CDOCs) in areas like:

Clean energy and housing retrofits

Type 2 diabetes prevention and wellness

Employment and training

Climate resilience and adaptation

Each project is designed and led by the community, backed by local knowledge and Indigenous values, and independently verified for results. Governments only pay when outcomes are delivered—ensuring transparency, accountability, and measurable impact.

Panel of speakers at the front of a large sunlit room addressing an audience seated at round tables during a formal event.

A model built for results

Outcomes finance is a practical, scalable solution for advancing Indigenous self-determination and achieving long-term outcomes. Here’s how it works:

1. Challenge Defined

Communities identify the issue they want to solve—like high energy bills, chronic disease, or youth unemployment.

2. Solution Co-Designed

Raven supports the community to develop a culturally grounded intervention and a clear business case for results.

3. Capital Deployed

Investors provide up-front financing. Governments commit to repay only if outcomes are achieved.

4. Project Delivered

Community-led delivery is supported by trusted partners. Progress is tracked throughout.

5. Outcomes Verified

 Independent evaluators confirm the results. If the project works, investors are repaid. The community keeps the benefits.

Why it matters

Community-led, not top-down

Projects are Indigenous-designed, Indigenous-delivered, and grounded in local priorities.

Results, not just good intentions

Governments and funders only pay for outcomes that are verified and valued.

Shared accountability, real transparency

Everyone—community, investor, government—is accountable to the same outcome goals.

Lasting systems change

This isn’t one-off funding. It’s a model that builds capacity, unlocks capital, and delivers long-term results.

Raven Indigenous Outcomes Fund I

“We invest in Indigenous-led solutions that are co-created in community. Bringing impact driven capital to meet local priorities and re-aligning government spending with evidence-driven solutions. For Indigenous communities funding shows up where it needs to, on projects they control. For governments, more accountability, efficient use of public dollars and systemic cost savings.”

Fund Size

$50M CAD

Focus

50% Climate / 50% Health

Target IRR

4–7%

Structure

GP/LP with Class A & B units

CApital Recycling

20% cap to enhance efficiency

Fund Term

5 + 1 + 1 years

Portfolio

6–8 investments, pan-Canadian

First Close

$20.4M (June 2024)

Anchor Investor

Boann Social Impact (Social Finance Fund)
Group photo of the Raven Outcomes team and partners posed in front of a screen featuring the organization’s logo.

Designed for Impact. Managed with Intention.

Outcomes Fund I is stewarded by Raven Indigenous Outcomes Funds (Raven Outcomes)—an Indigenous-led fund manager backed by a seasoned team with experience across investing, impact measurement, government engagement, and Indigenous systems innovation.

Fifty percent of carried interest is reinvested into Raven Indigenous Impact Foundation (RIFF), deepening community outcomes and advancing long-term capacity building.

Interested in Investing?

Deploy capital into a data-driven, outcomes-based model designed to generate verified results and measurable value. The Raven Indigenous Outcomes Fund offers one of the few Indigenous-led investment opportunities, with a diversified portfolio in housing, clean energy, healthcare, and workforce development.
Invest in a scalable strategy designed for performance and purpose.

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