OUTCOME GROUP ANNOUNCES COMMITMENT FROM VARIANT IMPACT FUND TO DRIVE PORTFOLIO EXPANSION
Commitment will Empower Outcome to Accelerate Lending Growth across the Portfolio with Current and Future Partners
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Outcome Group Inc (Outcome), an outcome-based education financing company, today announced it has secured a new debt facility from Variant Investments, LLC (Variant) and its Variant Impact Fund (IMPCX) which will allow Outcome to accelerate the growth of its education lending programs.
Please find more information and important disclosures for Outcome, Variant and IMPCX.
This significant commitment from the impact investing arm of a leading alternative investment manager expands Outcome's ability to support students attending trade schools, bootcamps, and four-year institutions. Outcome offers student-friendly, inclusive, and affordable Income Share Agreements (ISAs) and Deferred Tuition Agreements (DTAs). These financing options directly link repayment with students' career success. Students only repay the obligation if they earn above a predetermined level of income after they leave school. Monthly payments vary with their income, ensuring they are always affordable.
Variant is an alternative investment manager focused on uncorrelated income-generating assets in niche markets and is one of the leading investors in the growing ISA and DTA sectors. The Variant Impact Fund takes that a step further, providing investors with a diversified portfolio of unconventional cash-flowing assets that are aligned with the United Nations Sustainable Development Goals.
"The commitment from Variant is a true vote of confidence in our ability to deliver innovative lending programs for our education partners and their students and drive growth across our portfolio. Outcome-based lending is changing the way students and families finance their education to help them realize their dreams and we are proud to be at the forefront of that transformation," said Outcome CEO Jim Courtland. "We thank Variant and the team for their support and look forward to our work together."
"The Variant team is excited by the recent partnership with Outcome and the opportunity to expand exposure to Access to Quality Education which is a core impact theme within the Impact Fund," said Variant Principal and Co-Founder Bob Elsasser "the experienced Outcome team brings differentiated exposure to the broad impact mandate within IMPCX"
About Outcome Group:
Outcome Group is an education finance company specializing in outcome-based financing solutions. These novel financial tools link the amount a student pays for their education to that student's future earnings. They help schools attract and retain students by making the benefits of education more transparent and the costs of education more affordable and accessible, regardless of an individual's financial circumstances.
Outcome leverages state of the art origination and underwriting capabilities to provide students with cost-effective financing. Outcome partners directly with schools and educators to design, implement, manage, and fund these outcome-based financial solutions.
About the Variant Impact Fund (IMPCX):
The Variant Impact Fund (the "Fund") offers investors efficient access to a diversified portfolio of unconventional income-generating assets aligned with the United Nations Sustainable Development Goals ("UN SDGs"). The Fund invests in niche market opportunities with strong cash flow characteristics and low correlations to public equity and bond markets. The Fund's primary objective is to provide a high level of current income, with capital appreciation a secondary objective. The Fund also seeks to generate positive social and environmental impact by targeting investment opportunities aligned with both the UN SDGs and the Fund's impact investing framework. The Fund intends to invest in a wide range of opportunities across three core impact objectives: (i) financial inclusion; (ii) equitable growth; and (iii) responsible consumption.
To learn more about Outcome Group, please visit www.outcomegroup.org
Ali Fredman, Head of Strategic Partnerships, [email protected]
To learn more about the Variant Impact Fund (IMPCX), please visit https://funds.variantinvestments.com/variant-impact-fund/
To learn more about Variant Investments, LLC, please visit www.variantinvestments.com
Ryan Warren, Director of Investor Relations, [email protected]
An investment in the Variant Impact Fund is speculative, involves substantial risks. The Variant Impact Fund is a continuously-offered, non-diversified, registered closed-end fund with limited liquidity. There is no guarantee the Fund will achieve its objectives. An investment in the Fund should only be made by investors who understand the risks involved, who are able to withstand the loss of the entire amount invested and who can bear the risks associated with the limited liquidity of Shares. A prospective investor must meet the definition of "accredited investor" under Regulation D under the Securities Act of 1933.
In implementing the Fund's impact investment strategy, the Investment Manager may select or exclude certain investments for reasons other than investment performance. For this reason, the Fund's impact strategy could cause it to perform differently compared to funds that do not have such strategy. There is no guarantee that the Investment Manager's definition of impact investing, security selection criteria or investment judgment will reflect the beliefs or values of any particular investor. Currently, there is a lack of common industry standards relating to the development and application of environmental, social and governance (ESG) criteria, which may make it difficult to compare the Funds' principal investment strategies with the investment strategies of other funds that integrate certain "impact" criteria.
Shares are an illiquid investment. You should generally not expect to be able to sell your Shares (other than through the repurchase process), regardless of how the Fund performs. Although the Fund is required to implement a Share repurchase program only a limited number of Shares will be eligible for repurchase by the Fund.
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM (877) 770-7717 OR WWW.VARIANTINVESTMENTS.COM. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
Foreside Fund Services, LLC, distributor.
SOURCE Outcome Group
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