Enhance your portfolio’s return, while supporting your small business community.
Since 2006, Driven has been lending to small businesses, and has an extensive track record of delivering strong performance. The Purpose Mezzanine Private Debt Fund was introduced in 2019, expanding the portfolio to offer new opportunities to investors.
Targeted Annual Gross Return
The fund generates its yield through a portfolio of over 1,500 small business loans across many industries.
The Purpose Mezzanine Private Debt Fund offers investors access to an institutional asset class typically reserved for large money managers like pension plans. With a steady income stream yielding 14%, our fund provides diversification and income enhancement, uncorrelated to traditional stocks and bonds. Through Purpose’s SMB lending platform, Driven, we provide capital to small-mid-sized Canadian businesses. Driven, as Canada's premier fintech for small businesses, offers personalized support and cutting-edge technology, empowering over 20,000 Canadian businesses since 2006 to thrive and expand.
Our alignment with investors is paramount. Purpose, operating through Driven, holds equity in the loans and assumes the first-loss position. Our alignment with investors means we put our money on the line first, absorbing losses before they do, showcasing our commitment and accountability, and prioritizing safeguarding investor interests to uphold trust.
Here at Purpose, we truly believe in the power of supporting one another. It's not just a philosophy; it's who we are. When you invest in the Purpose Mezzanine Fund, you're not just putting your money into a fund; you're joining a movement. You're saying, "I'm here for you," to over 20,000 businesses and counting. You're showing solidarity and compassion, ready to lift up the community that means everything to our economy. So, why choose us? Because together, we're making a difference—one investment at a time.
The fund has generated returns of 9.01% as of YTD July 2024 and 14.74% for full year 2023.
The fund generates its yield through a portfolio of over 1,500 small business loans with n average loan size of approximately $40,000 which creates substantial diversification relative to most private credit funds which have a much smaller borrower base.
Purpose, through our lending business Driven, owns the equity in the loans and sits in the first-loss position. We are highly aligned and will incur losses ahead of investors in the Purpose Mezzanine Debt Fund.
The Driven business has been lending to small businesses since 2006, and has an extensive track record of delivering strong performance and low loss rates using the data and models that it has developed over this period.
Want to make personal investments through your TFSA or RRSP and save on tax? The Purpose Mezzanine Private Debt Fund is eligible for registered accounts.
The Purpose Mezzanine Fund is not your typical investment opportunity. It’s about passion - passion for entrepreneurs, passion for economic growth, and passion for community prosperity. Here's what makes us stand out:
Accessible Opportunity: Available to our valued customers at Purpose, the Mezzanine Fund offers you the chance to invest in a cause you believe in.
Impactful Investing: Your investment directly supports Canadian small businesses, helping them grow, create jobs, and strengthen our local economies.
Expert Management: Our team of financial experts carefully manage the fund, ensuring your investment is in capable hands.
To participate in this fund, it is essential to qualify as a Canadian accredited investor.
Investor Type
Accredited Investor
Net Worth
(not including primary residence)
$ 1 Million
Minimum Investment
$5,000
Location
Canada
If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.
Investor Type
Accredited Investor
Net Worth
(not including primary residence)
$1 Million
Minimum Investment
$25,000
Location
Canada
Your dreams deserve a partner that understands your needs and empowers your potential. Driven's Express Funding is your bridge to swift funding, expert guidance, and a brighter future. Apply now to get started on your journey toward success with Driven. Seize the present, shape the future – all with Driven's Express Funding.
Your journey with the Purpose Mezzanine Fund begins today. It's a chance to make a real difference, to see tangible results, and to become part of a community that values more than just financial gain. Explore the rewards, feel the difference you can make, and seize the opportunity now.
