The UP Fund

The UP Fund is sponsored by Social Finance. The UP Fund is a pool of catalytic capital that aims to help upskill people who face barriers to education and employment.

The UP Fund - Social Finance Graduates across our portfolio The UP Fund is a $50 million pool of catalytic capital that aims to help upskill people who face barriers to education and employment. Since 2020, the UP Fund has supported the design and launch of eight outcomes-based initiatives to upskill workers across the country into in-demand jobs.

Leverage impact capital: Deploy $50 million in catalytic capital to fund learners, training programs, and supportive services. Expand access to in-demand sectors: Supports innovative programs and partnerships that enable people to build careers in growing sectors like health care, skilled trades, clean energy, and IT.

Bridge opportunity and skill gaps: Help individuals upskill and achieve increased economic mobility while enabling businesses to fill critical job openings.

Upright Education (technology training) Upswing Working Capital Loan (wraparound support provider offering tutoring and mental health counseling) Learning Alliance Corporation (broadband technician training) American Diesel Training Centers (diesel technician training) Clinical Research Fastrack (clinical research careers training) General Assembly (software engineering, IT, and technology training) Five Weeks of Intense Training—and a Better Life for Stephanie and Her Son After working a series of unsatisfying jobs, Stephanie was ready to launch a career that would provide for her and her son.

She decided to enroll in ADTC through the Career Impact Bond and landed a job with Sonsray Agriculture as an apprentice technician just three weeks into training. Since starting, she’s had two pay raises. Short-Term Training Helped Allen Land an In-Demand Job Allen, a navy veteran living in rural Idaho, was ready for a career fresh start.

With support from Social Finance’s UP Fund, Allen enrolled in a short-term fiber splicing course through telecommunications school Learning Alliance Corporation . A few weeks later, he graduated and landed a job as a fiber technician earning $25,000 more than he made previously.

For Dimitra, the Right Supports Meant a Chance to Thrive Dimitra—a Portland, OR native and mom to a toddler—was working as a high school art teacher but was seeking more fulfillment from her career. She decided to enroll in Alchemy Code Lab through the Career Impact Bond.

After graduating, Dimitra was hired as a Junior Software Developer at Cornell Pump Company with a starting salary of $65,000—$22,000 more than what she was making as an experienced teacher. The UP Fund makes investments that enable people to build careers in high-demand, recession-resistant sectors.

$13 – 22K median earnings gains across the portfolio 2,500+ enrollments to date 95% graduation rate for UP Fund’s programs 75% of learners do not have a bachelor’s degree We’re proud to support the UP Fund to scale Career Impact Bonds across the U.S. Through this sustainable impact investing vehicle, the Fund aims to help catalyze economic mobility and close the nation’s skills gaps.

We’re hoping many young people who currently can’t pay for college or aren’t able to access high-quality training programs will now have a very different idea of what’s possible for them—and that money will not be a barrier anymore.

Managing Director, Portfolio Strategy and Management, Blue Meridian Partners Social Finance is bringing key partners to the table, from public sector leaders to major employers, to design better, faster, and more agile mechanisms to train the future workforce.

Vice President, Inclusive Solutions, Prudential Financial and Vice President and Secretary, The Prudential Foundation Learning to Do Better: Building the Evidence Base on Career Impact Bonds and Economic Mobility Investing in Skill Building: The Career Impact Bond Social Finance Announces $3 Million Investment in Upright Education to Help Students Access Short-Term Training for Technology Careers Social Finance Raises $49.

9 Million for Workforce-Focused UP Fund , ImpactAlpha Here’s a Rewarding Investment: Boost the U.S. Recovery by Helping Workers Get the Skills They Need , Market Watch Job Training That’s Free Until You’re Hired Is a Blueprint for Biden , The New York Times Blue Meridian, Schmidt Futures Back ‘Career Impact Bonds’ Via Social Finance’s UP Fund , ImpactAlpha Social Finance Announces UP Fund to Catalyze Economic Mobility The John D.

and Catherine T. MacArthur Foundation Pershing Square Foundation The Michael and Susan Dell Foundation With generous support from Strada Education Network, MDRC is conducting a multi-year study of the UP Fund’s Career Impact Bond model across different training providers, industries, and student populations.

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