Introducing Canada’s first national portfolio lending to community bond issuers

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TRADITIONAL TERRITORIES OF THE ANISHINAABEG PEOPLE, TORONTO (T’KARONTO), June 23, 2025 (GLOBE NEWSWIRE) — A new private credit fund has been established with a $30 million target size and an investment focus on lending to issuers of community bonds across Canada. The fund is expected to formally launch with an anchor investment by Realize Capital Partners.

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Weave Community Capital Fund LP (the Fund or Weave) is the first of its kind in Canada. It’s designed to provide accredited investors exposure to loans provided to charities, nonprofits and cooperatives that are also issuing community bonds — as a way to both finance meaningful projects and inspire retail investment in issuers’ community bond campaigns. Organizations issue community bonds to finance socially beneficial projects like affordable housing development, community-owned renewable energy infrastructure, the acquisition of arts and culture spaces, and more.

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Community bonds are primarily targeted toward retail investors, or everyday members of communities who come together to finance meaningful projects. But increasingly, values-aligned institutional investors are interested in supporting this growing market — aligning their investments with their values, supporting the growth of a socially-conscious investment market, and crowding in retail investors in the process.

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In particular, institutional and other accredited investors are interested in larger ticket sizes and diversified investments. That’s where the Weave Community Capital Fund comes in, offering a fund that centralizes due diligence, allowing investors to support charities, nonprofits, and cooperatives across Canada with one investment in Weave.

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Weave Community Capital Inc., the fund’s general partner, was established by the team at Tapestry Community Capital, a non-profit supporting organizations through the process of issuing community bonds.

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“Over our six years of working in community finance, we’ve heard from investors of all kinds looking for ways to move their money into alignment with their values — and not just to do less harm, but to do more real, tangible good in their communities. Community investment is the answer, and Weave will accelerate the growth of the market.” – Ryan Collins-Swartz, co-executive director of Tapestry Community Capital

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Weave expects Realize Capital Partners to be its first and lead investor. Realize Capital Partners works to grow Canada’s social finance sector and is one of three organizations chosen by the Government of Canada to distribute funds from the $755 million Social Finance Fund.

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“Through Realize Fund I, we are excited to play a role as an anchor investor in the Weave Community Capital Fund. The Fund has the potential to accelerate the development of community-based investments across the country and in a variety of sectors ranging from affordable housing to the arts. Having seen many individual community bond offerings, we were excited by the innovative opportunity for a diversified vehicle to invest in this market while complementing individual, retail impact investors.” – Lars Boggild, Portfolio Manager, Realize Fund I

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“To build Canada strong, we must invest in what matters most: Canadians. Investments in the Social Finance Fund are making a real difference by providing Canadians with equitable opportunities to launch and scale their mission-driven businesses, like Weave Community Capital Fund. In only two years, the Social Finance Fund has supported over 80 businesses, with investments totalling more than $250 million, and this is just the beginning.” – The Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario