Where Capital Creates Change—and Returns.

WhAT SETS US APART

Why Raven

Indigenous-led investment firm with strong governance and values.

Structured, risk-managed approach using catalytic capital.

Outcomes independently verified to ensure integrity and performance.

Why Invest

Transparent, third-party verified impact data 

Access to a growing, untapped Indigenous investment market 

Government-backed returns tied to successful outcomes

Professionally managed fund with Indigenous leadership and deep sector expertisees

StatISTICS

Fund overview

$50m

Fund size

Raven Indigenous Outcomes Fund I. Expected close Q4

4-7%

Target IRR

Raven Indigenous Outcomes Fund I. Expected close Q4

GP/LP

Structure

with Class A and B units

$20.4M

First Close

June 2024

50/50

Focus

split between climate adaptation and health outcome

20%

Capital Recycling

cap to enhance capital efficiency

Portfolio

Outcomes in motion

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April 26, 2025

Minoayawin – Health

Minoayawin is a health program focused on preventing and managing Type-2 Diabetes in the Island Lake Anisininew Nation.

April 26, 2025

Sioux Valley Dakota Nation – Housing / Clean Energy

Inspired by Peguis and Fisher River, Sioux Valley Dakota Nation wanted to improve home energy use, lower costs, and create local jobs.

April 26, 2025

Fisher River & Peguis First Nations – Housing / Clean Energy

Fisher River Cree Nation and Peguis First Nation partnered with Raven to reduce energy costs and improve housing. Tired of waiting on slow government programs, they wanted a faster, community-driven solution.

Highlights

Our InVESTMENTS to date

01

Peguis & Fisher River First Nations

125 geothermal heating and cooling systems installed

39 community members trained across multiple programs

$5.1M in outcomes purchased by CMHC and Efficiency Manitoba

Verified $7.6M in social, economic, and environmental value created

Results include energy cost savings, GHG reductions, and employment gains

02

Sioux Valley Dakota Nation

25 homes retrofitted with energy-efficient heat pumps

5 community members trained and hired for project delivery

$1.8M invested through a CDOC with projected utility savings of over $700K

Reduced household energy bills and increased housing resilience

Redefining Impact Investment

"Raven Outcomes is reshaping how investment works—centering Indigenous leadership, focusing on outcomes that matter, and creating partnerships grounded in trust and results. Outcomes finance is not just a new funding model. It’s a shift in power, a commitment to accountability, and a path toward long-term, systems-level change. It brings together the right people, the right resources, and the right tools to invest in what works—for today and for future generations."

Jeff Cyr, Founder & Managing Partner, Raven Outcomes

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FAQs

What's a CDOC?

A Community-Driven Outcomes Contract funds community-led programs up front. If the program reaches its goals, investors are repaid with a return. If not, the government does not pay—ensuring accountability and impact.

What types of outcomes are funded?

Housing retrofits, clean energy, type-2 diabetes prevention, employment and training, and more. Projects are designed by communities to reflect their needs and priorities. 

Where else is this being done, and how is Raven different?

Outcomes-based finance has a strong international track record, with successful models in the UK (Bridges Outcomes Fund), the US (Maycomb Capital’s Outcomes Fund), and Australia. Raven Outcomes is the first to bring this approach to Canada—and the only outcomes fund in the world that is Indigenous-led, grounded in self-determination, and designed in full partnership with communities. 

We’re focused on scaling up across Canada with proven government alignment and measurable results.

How do I invest?

Contact our team here to request the fund deck, data room access, and next steps. 

News

In the spotlight

Explore how Raven Outcomes is reshaping funding systems through news, insights, and reflections from the forefront of outcomes finance.

All press conference speakers pose for a photo
Media Release
May 8, 2025

Efficiency Manitoba & Raven Outcomes Partner to Boost Energy Efficiency and Create Jobs in First Nations Communities

May 8, 2025
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A large group of people wearing orange shirts gather in front of Parliament Hill in Ottawa for a National Day for Truth and Reconciliation event. Construction cranes are visible behind the historic building under a clear blue sky.
News
April 26, 2025

Raven Outcomes authors Hill Times op-ed on funding what matters to Indigenous communities

April 26, 2025
Read more
Four people standing outdoors in winter jackets, posing in front of bare trees and snow during golden hour. A white logo for Raven Indigenous Outcomes Funds appears in the top right corner. The text 'Raven Reflections' is written at the bottom.
Media Release
April 26, 2025

BetaKit covers Raven Outcomes' $20.4-million first close

April 26, 2025
Read more
Two people smiling and giving thumbs up while holding a geothermal heating component. They are standing indoors against a wood-paneled wall, celebrating the success of a community-led energy project.
News
April 26, 2025

National Observer: Raising the health and clean energy bar on First Nations

April 26, 2025
Read more
Jeffrey Cyr, co-founder of Raven Indigenous Outcomes Fund, stands with arms crossed in a forest clearing, wearing a traditional embroidered vest. The image accompanies an article about Indigenous communities leading environmental and health solutions through outcomes-based financing.
News
April 26, 2025

The Globe and Mail interviews Jeff Cyr for feature on Raven Outcomes

April 26, 2025
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A group photo of thirteen people from the Raven Indigenous Outcomes Funds team, standing and seated in front of a screen displaying Indigenous artwork. The group is smiling and dressed in business and business-casual attire, with a cozy and welcoming event setup including white armchairs, wooden stump tables, and a rustic trunk.
News
April 26, 2025

Impact Alpha: Raven Group lands backing for its outcomes-based finance fund

April 26, 2025
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Jeff Cyr of Raven Outcomes speaks at an event, holding a microphone.
News
April 26, 2025

Raven Indigenous Outcomes Funds Announces $20.4 Million First Close of Initial Fund

April 26, 2025
Read more
The Raven Outcomes team poses in matching sweatshirts outside in winter.
Blog
April 26, 2025

Reintroducing Raven Indigenous Outcomes Funds

April 26, 2025
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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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