Raven Indigenous Outcomes Fund I
The Raven Indigenous Outcomes Fund I is our landmark $50 million fund investing in projects in Indigenous communities across Turtle Island.
The fund invests in Indigenous-led, community-owned projects, so communities get funding for their own priorities.
Raven Indigenous Outcomes Fund I currently supports a growing portfolio of investments in outcomes contracts and outcomes loans in areas like:
Housing and Infrastructure
Health and Well-being
Employment and Training
Climate and Energy
how it works
We use an outcomes-driven model to invest in practical,
scalable solutions to create better results for communities.
Here’s how it works:
1.
Challenge Defined
Communities identify the issue they want to solve—like high energy bills, chronic disease, or housing.
2.
Solution Co-Designed
Otipêy supports the community to develop a culturally grounded project plan with a clear business case on how outcomes will be achieved.
3.
Capital Deployed
Otipêy provides up-front financing through the Fund.
4.
Project Delivered
Community-led delivery is executed by local teams and trusted partners and supported by our Investment team. Progress is tracked throughout and improvements are made along the way.
5.
Outcomes Verified
Upon project completion, independent evaluators confirm the results, and investors are repaid. The community keeps the capacity and the benefits of the investment.
the model
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.
Accountability and transparency
Everyone at the table 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.
the fund
Otipêy invests in two ways. Both are designed to deliver real, measurable results for communities.
1. Outcomes contracts
An outcomes contract is a partnership between an Indigenous community, Otipêy and government. Together, they agree on the results the community wants to achieve. Otipêy provides the upfront funding to make it happen, and Government acts as a takeout buyer when results are verified.
2. Outcomes loans
With an outcomes loan, Otipêy joins other lenders and funders to finance a project. Our investment helps fill the funding gap so the project can move forward and deliver results for the community.
Fund size (CAD)
$50M
Focus
80% climate 20% health
Fund Term
5+1+1 years
Target IRR
4 to 7%
Portfolio
8 to 10 investments, North America
Structure
GP/LP with Class A & B units
Closings
1st: $20.4M (June 2024) and 2nd: $32.2M (January 2026)
Capital Recycling
20% cap to enhance efficiency
Anchor Investor
Boann Social Impact (Social Finance Fund)
For communities
If you are an Indigenous community representative or partner, please submit your contact information and request via the Contact Us form and a member of our Investment team will get back to you.
Portfolio
Sioux Valley Dakota Nation upgraded 25 homes with geothermal systems and energy retrofits while building local skills.
The Minoayawin project is a community-led health initiative for preventing and managing Type-2 Diabetes with the Anisininew Nations.
Fisher River Cree Nation and Peguis First Nation upgraded homes, reduced energy costs, and created local clean energy jobs.
Brokenhead Ojibway Nation is improving housing, lowering energy costs, and building local clean energy skills through community-led retrofits.
Onion Lake Cree Nation set out to bring cleaner, more affordable energy to its community and keep the benefits local.
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