Syndication & Structuring Services

We offer a suite of syndication and structuring services to move more money into communities

Greenline - Everytable Greenline Ventures' Small Business Capital Fund lends to Everytable – a B Corp-certified social enterprise with a mission to make nutritious, fresh food affordable and accessible to all. From their Los Angeles base, Everytable creates fresh and nutritious meals that are distributed to their various retail locations – many in food deserts or underserved communities. Everytable’s variable pricing model allows them to set affordable prices in each neighborhood they operate in.

Inception

2016

Total $ Syndicated/Structured

$800+ million

Deals Syndicated

Available to

Institutional lenders

Geography

US and International

Participating Lenders

Sectors Served

Affordable Housing, Community Development, Renewable Energy, Environmental Sustainability, Microfinance, Small Business

How it Works

We originate, structure, facilitate, and administer private debt transactions for institutional lenders looking for exposure in private credit. These services help mission-driven organizations raise and manage capital more efficiently while providing unique access to deals for lenders. Targeted loan or facility sizes range from $30 million to $200 million and can take the form of syndications or arranged facilities. Interested institutional lenders are invited to participate in these deals at a minimum commitment of $1 million.

Experience To Date

As of February 2025, we have raised and/or administered over $800+ million from 87 total lenders for our borrowers and other community intermediaries. These include transactions across geographies (both domestic and international) and impact sectors with a wide variety of lenders, including financial institutions, foundations, and family offices. In 2020, we expanded our syndication services to include structuring and capital raising for the Small Business Recovery Funds.

Borrow & Lender Testimonials

“

Calvert Impact Capital’s syndications offering provides us with access to a pipeline of pre-packaged, niche opportunities which complements and enhances our impact investing service offering.”

Justina Lai,
Wetherby Asset Management

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“The syndication provides a flexible, nimble source of capital that enables AHC to respond quickly to affordable housing acquisition opportunities in competitive markets.”

Steve Smith,
Sr. Vice President, AHC, Inc.

2 of 3

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“Calvert Impact Capital brings deep expertise in structuring these facilities, as well as the scale and resources required to support transaction costs. They are a values-aligned partner, which is reflected in how we collectively interact with borrowers.”

Aner Ben-Ami,
Founding Partner, Candide Group

3 of 3

Join Us

For interested lenders:

Our syndicated deals are available to institutional lenders only. The minimum commitment is typically $1 million. If you would like more information, please reach out to us at info@calvertimpact.org with "Syndication Services" in the subject line.

Participating Co-Lenders

Frequently Asked Questions

What are Calvert Impact’s syndication/structuring services?

Our syndication/structuring services expand on our existing work to more actively move money to meet the evolving needs of the communities we serve. We aggregate capital from multiple lenders interested in private loans to support the scaling of mission-driven organizations. Calvert Impact targets deals in the range of $30 million - $200 million and participates as a co-lender in our syndicated deals.

Why has Calvert Impact developed its syndication services?

As both impact investors and impact markets mature, we see a need for the facilitation of larger, broader, and more efficient flows of capital that can supplement our own lending appetite and are aligned with our lending objectives. Our syndication/structuring services create a one-stop solution by originating, structuring, facilitating, and administering loans to mission-driven organizations, easing the capital raising process by connecting them with a syndicate of lenders who are looking for exposure to high-quality, risk-appropriate deals that generate social, environmental and financial returns.

How will these services help other lenders?

Our syndication/structuring services solve one of the growing challenges for institutional lenders looking to lend to mission-driven organizations in today’s marketplace by providing them access to loan products that meet a diverse range of risk/return profiles, geographies, and sectors for their private debt portfolios.

What kinds of lenders are suited for syndicated deals?

Our syndicated/structured deals are available to institutional lenders only. The minimum commitment is typically $1 million.

How will these services help mission-driven organizations?

Mission-driven organizations seeking larger capital rounds face a complex, time-consuming process that typically requires raising funds from multiple capital sources, increasing transaction costs and timeframes. Our syndication/structuring services reduce this headache by structuring a loan on behalf of a larger syndicate of lenders who have expressed interest in financing these types of transactions. This allows the entity raising capital to liaise primarily with one lead lender instead of managing relationships across multiple parties.

How do syndication services advance Calvert Impact's mission?

Our syndication/structuring services are aligned with our overall mission of driving greater private capital participation in mission-driven organizations to create a more equitable and sustainable world. Or, in short, to make impact more investable.

How is this product different from the Community Investment Note®?

The Community Investment Note® is a retail security available to all US residents. The loan product offered through our syndications/structuring service is a commercial loan rather than a security or an investment. The syndicated loan offers lenders the opportunity to lend directly to mission-driven organizations in and outside of our portfolio (allowing the lender to target specific geographies, sectors or businesses), and offers deal-specific terms that differ from the Community Investment Note.

Does this work mean that Calvert Impact Capital is changing its focus from the Community Investment Note®?

Not at all. In fact, these services are a natural expansion of Calvert Impact Capital’s existing work to more actively aggregate and facilitate capital for the benefit of stronger communities and a resilient planet. Calvert Impact Capital will continue to issue the Community Investment Note to its broad community of investors.

Does Calvert Impact have any experience acting as an administrative agent?

Yes. We have played the role of lead lender and administrative agent, both formally and informally, over the past five years. To-date, Calvert Impact has aggregated and/or administered over $800 million. Our Loan Administration team collectively has over 35 years of experience managing loan portfolios.

How can I lend in Syndication Services transactions?

We continue to expand the base of lenders participating in our syndicated/structured deals. Any suitable lenders interested in learning more about open deals can direct their inquiries to info@calvertimpact.org and can be added to our distribution list.

Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

This is not an offer to sell you our securities and we are not soliciting you to buy our securities. The offering is made solely by the Prospectus. We will offer and sell our securities only in states where authorized.