Our investments are evidence based and expert reviewed
TAF brings strong vetting and oversight, seasoned financial expertise, and multi-levelled due diligence to any deal we consider. This is performed by:
- A staff team with decades of experience
- A multi-disciplinary Investment Committee appointed by TAF’s Board of Directors, made up of business leaders with expertise in the finance, technical, legal, and operational aspects of investing
- Third-party technical experts relevant to each opportunity
Our deals will meet your return goals and improve everyone’s quality of life
Our track record speaks for itself. With $35 million invested to date, we have achieved returns across our portfolio of direct investment that are well above concessionary norms. How do we do it? By:
- Underwriting at the highest standard, with risk and risk mitigation at the core of the investigation and financial structuring
- Investing in industry sectors with solid underlying fundamentals
- Reducing risk through diversification, including investments in various sectors and at various durations. Our investment in most transactions is $0.5 – $2 million, with syndication creating opportunities for much larger deals. We often act as a first funder.
You may prefer a risk-adjusted market rate of return or we can balance concessionary return with impact.
In addition to investing, we contribute to the success of our investments by addressing the policies, information gaps, financing challenges and other barriers to commercialization, sometimes by providing grants.
TAF can play many roles in financial transactions
Let's connect
We are open to transactions with intermediaries, government funding sources, financial institutions, or funds. Let’s talk about how we can meet your goals for market-moving co-investments. Contact us today:
- Tim Stoate, Vice President, Impact Investing | 416-393-6368, tstoate@taf.ca
- Tracy Haynes, Manager, Investor Partnerships | thaynes@taf.ca
Recent deals
BerQ RNG - $1,150,000
Renewable Natural Gas
TAF invested $1.15 million in a $6.45 million project, led by Oakville-based BerQ RNG, that involves installing and operating refining equipment to create renewable gas from food waste in Ontario. Approximately 111,000 tonnes of carbon emissions will be reduced over the project’s 15-year life. The experienced BerQ team has six additional RNG projects planned with an estimated 944,000-tonne reduction in carbon emissions.
CLEARAS Water Recovery - $1,000,000
Algae-Based Pollution Control
TAF made a C$1 million investment in CLEARAS Water Recovery, through the Montcalm Capital Fund I LP, that aims to commercialize a proven climate solution for wastewater. TAF is the first Canadian funder of this innovative company, which is leveraging a further US$9 million. CLEARAS has created a non-chemical solution for cleaning wastewater: algae and captured carbon dioxide get added to wastewater, in a closed greenhouse-like controlled environment. The algae grows, consuming carbon, nitrogen and phosphorus in the process. The end result: clean water, algae for fertilizer, and reduced carbon emission.
One Planet Living Fund - $1,000,000
Green Buildings
One Planet Living Fund (OPLF) will help developers to move to net zero buildings. It provides early-stage capital for projects that commit to rigorous standards of environmental responsibility and long-term sustainability, allowing developers to attract additional funds from traditional sources. The fund is professionally managed by a seasoned team and Windmill Development Group will oversee all aspects of planning, construction, implementation, and certification. Projects funded through OPLF could reduce 3.2 million tonnes of carbon emissions a year in the Greater Toronto and Hamilton Area and help to spur on market transformation and building code improvements.
Scarborough Heights Co-op - $355,000
Multi-Measure Energy Retrofit
Scarborough Heights Co-op undertook a retrofit through an ESPA, Energy Saving Performance Agreement. Conservation measures include: new makeup air unit with variable frequency drive, high-efficiency boiler, building automation system, variable frequency drives added to hot water pumps & booster pump system, CO detection system in garage, LED lighting, weather stripping exterior doors, resident training, and ultra-high efficiency toilets, aerators and low-flow showerheads. Total financing was $600,000. Financing was a combination of TAF financing and the City of Toronto’s Better Building Partnership loan program, arranged by Efficiency Capital.
Grandravine Condo - $615,000
Multi-Measure Energy Retrofit
Grandravine Condo undertook a retrofit through an ESPA, Energy Saving Performance Agreement. Conservation measures include: heat reflector panels on radiators, high-efficiency boiler, upgrade heating plant controls, add sensors to parking ramp, LED lighting, resident training, and ultra-high efficiency toilets, aerators and low-flow showerheads. Total project: $930,000. Remainder of the cost was paid by the building, to address non-energy-efficiency issues. Project arranged by Efficiency Capital.
Marine Heights Co-op - $275,000
Multi-Measure Energy Retrofit
Marine Heights Co-op undertook a retrofit through an ESPA, Energy Saving Performance Agreement. Conservation measures include: heat reflector panels on radiators, carbon dioxide detection system in garage, LED lighting, resident training, and ultra-high efficiency toilets, aerators and low-flow showerheads. Project arranged by Efficiency Capital.
Toronto Community Housing Corporation - $2,000,000
Multi-Measure Energy Retrofit
TAF is providing a total of $4.2 million for the TowerWise Retrofit project through $2 million in financing, $1 million in third-party finanancing and $1.2 million in grants and utility incentives. Through an Energy Savings Performance Agreement (ESPA), both Toronto Community Housing and TAF will share revenues from the energy savings.
Perth Avenue Housing Co-operative - $316,000
Multi-measure Energy Retrofit
Structured as an Energy Savings Performance Agreement (ESPA), TAF provided financing to the Perth Co-op. The retrofit measures included a domestic hot water condensing boiler, programmable thermostats in the units, weather stripping and air sealing, and an air-cooled variable refrigerant flow (VRF) system for the lobby. Emission reductions are projected to be 33 per cent of 109 tonnes per year.
Rouge Valley Co-operative Homes - $352,000
Multi-measure Energy Retrofit
Through a set of energy efficiency measures, TAF aims to reduce the 13-storey building’s carbon emissions by 17 per cent. This will be achieved through a new building automation system, high-efficiency common area lighting, voltage optimization, and a valve to eliminate excess water pressure