Our Accomplishments
A creator and administrator of innovative financial products, the Chantier Trust contributes to the development of social economy enterprises.
First patient capital product for social economy enterprises
The Chantier Trust manages an investment fund that was the first in Québec to offer patient capital for social economy enterprises (excluding community housing).
A main feature of this product is the fact that no guarantee is required for operations investments and a subordinate guarantee is asked only in the case of real estate investments.
Objective
Supporting social economy enterprises who wish to develop or improve their operational or real estate potential.
Created in
2006
Capitalization from the Chantier de l’économie sociale Trust
Government of Canada
$23.8 million
Investissement Québec
$20 million
Fonds de travailleurs FSTQ and Fondaction
$40 million
Total invested in the fund
$83.8 million
The implementation of these financial products is made possible thanks to contributions from investment partners and non-reimbursable financial support from the government of Canada.
Returns are offered to private investors on the basis of management of portfolio risk.
Today, this financial product model has new targets through the creation of specialized funds that it implements.
Investment targets were reached both in terms of allocated investment and in terms of geographic distribution throughout the province of Québec
Horizon de placement
2006
Specialize Funds
Tailor-Made Financial Tools
Over recent years, initiatives from the Chantier Trust and requests from actors in the field led to the creation of specialized funds (associated and managed) to respond to needs for development in different sectors of the social economy. These funds exclusively unite private investors and partners from Québec’s social finance ecosystem.
These financial products offer terms that vary from 2 to 15 years based on the specific needs of collective enterprises, and investor returns are fixed according to the market as regards the type of investment. Decisions are made under the governance of committees made up of representatives from investment partners.
These autonomous funds are founded under the form of limited partnerships, with the general partner being the Gestion Fiducie du Chantier de l’économie sociale. Operations are delegated to the Chantier Trust and the Réseau d’investissement social du Québec.
Associated Specialized Funds
Renovating housing without affecting rent costs
The Fonds d’aide à la rénovation de l’habitation communautaire a was founded as a Chantier de l’économie sociale Trust initiative in collaboration with its financial partners.
Financing applications for this fund are no longer available. It is still possible to visit the FondsARHC website
Total invested in the fund
$33.5 million
Created in
2015
Impacts
Rénovation de 1 500 logements au Québec. Investissement de quelque 20 000 $ par unité de logement
Investment Time Horizon
Average of under 5 years
Objective
Partners
Accelerate and systematize student housing initiatives
The Fonds d’investissement pour logement étudiant was founded under an initiative from the Chantier de l’économie sociale Trust in collaboration with its financial partners.
Total invested in the fund
$11 million
Funded in
2018
Impacts
Construction of 212 affordable student housing units
Access to 312 new rooms
Investment Time Horizon
15 years
Objective
Partners
Managed Specialize Funds
Better spaces to better serve
The Chantier de l’économie sociale Trust was an early partner in the development of this new fund for community organizations. In collaboration with Centraide du Grand Montréal and the Coalition montréalaise des tables de quartier, the Initiative Immobilière Communautaire du Grand Montréal was born.
In addition to these financial partners, over a dozen partners from different sectors took part in the reflections which led to identifying solutions to best support community organizations.
Total invested in the fund
$18.6 million
Created in
2021
Results
3 financial tools to support real estate projects from development to completion:
- Loan for support services
- Social Acquisition Fund
- Social Investment Fund
The Chantier Trust and the RISQ manage these funds.
Objective
Partners
Accomplishments that drive our ability to innovate
The Chantier de l’économie sociale Trust has proven its model’s viability. In recent years, private investors are increasingly interested in investment vehicles that show strong social impacts.
The Chantier Trust seeks to propose new investment opportunities, notably through the development of new, niche funds, thereby offering innovative solutions to social and environmental issues in Québec.