The Indigenous Growth Fund is Canada’s newest and largest Indigenous social impact fund. The $153M investment fund provides improved access to capital for Aboriginal Financial Institutions and Indigenous small and medium-sized enterprises (SMEs), overcoming some of the barriers they have historically faced.

The fund’s innovative evergreen model – a first of its kind in Canada – offers institutional and social impact investors a direct vehicle to contribute to economic reconciliation.

Capital from the Fund will ensure that AFIs can continue to support Indigenous business clients in their communities and will unlock pent-up loan demand for new and expanding Indigenous businesses, allowing them to make loans available to more and larger businesses.


The Fund is structured to accept investments from Accredited Investors, such as:

  • Public and Private Foundations
  • Indigenous Trusts
  • Corporate Canada
  • Other Institutional investors

Please contact Sarah MacNeil, Partnerships and Operations,, if you have further questions regarding investment.

The Indigenous Growth Fund is a limited partnership with NACCA as the Fund Manager.

Indigenous Businesses

Loan capital from the IGF will flow through the network of AFIs to Indigenous businesses that are looking to start or expand.  AFIs accept new loan inquiries on an ongoing basis. Indigenous businesses cannot access the IGF directly; however, an increasing number of AFIs will be able to provide more and larger loans to Indigenous enterprises drawing on capital from the IGF. A list of head offices of Aboriginal Financial Institutions across the country can be found here.

IGF Partners

Managed by NACCA, the Fund’s current investors are the Government of Canada and Business Development Bank of Canada (BDC), Export Development Canada (EDC), Farm Credit Canada (FCC), and Block Inc.

News Releases

  • June 2022 – NACCA Partners with Block on First Private Indigenous Growth Fund Investment (English / Français)
  • March 2022 – Indigenous Growth Fund Makes First Investment of $10 Million (English / Français)
  • April 2021 – Indigenous Growth Fund Raises $150M in First Round to Support Indigenous Entrepreneurs in Canada (English / Français)
Scroll to top