FOR INVESTORS
Your capital, rooted
in community.
Whether you lend, give, or both, there's a place for you in the Tepal
Fund, and a community of investors who share your commitment to
care, repair, and community power.
Three ways to participate
Each pathway plays a different role in the stack. Some investors choose more than one.
INDIVIDUALS & INSTITUTIONS
Note Investment
Lend to the fund through one of three note classes, chosen by your values and how much risk you're comfortable with. Your capital is repaid over time and redeployed into community-led care.
$25K minimum | Accredited investors only
DONORS & DAF HOLDERS
Grant to the
Reparative pool
Direct a grant, including from your donor-advised fund, into the first-loss layer. It's not just a donation. It's the structural foundation that makes patient, non-extractive terms possible for communities.
Charitable contribution | No accreditation required
PRIVATE FOUNDATIONS
Grants & PRIs
Foundation grants anchor the first-loss layer. Investments in the fund may also qualify as Program-Related Investments, counting toward your annual 5% distribution requirement.
PRI-eligible [confirm with counsel]
From your note to a care facility a community owns
You invest or give. Your capital joins a blended stack alongside grants and other notes.
It becomes a loan to a partner. For example, part of a $250K loan to a birth center scaling its operations, paired with a grant and technical assistance.
It comes back and goes out again. Noteholders are repaid over the life of their note. The community keeps a permanent care facility, and the fund keeps recycling.
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IF YOU’VE EVER THOUGHT, “ MY MONEY CAME FROM...”
Most wealth in this country has roots in systems that extracted
from communities. That doesn't make your money something to
hide from. It makes what you do with it meaningful.
Tepal is designed to take capital and redirect it toward repair: non-extractive terms, community ownership, and patient timelines that let organizations build on their own terms. It doesn't erase history. It moves resources toward repair.
You won’t be doing this alone.
Values-aligned investors are often surrounded by advisors and peers who don't understand
their choices. Investing in Tepal is an invitation into a community that supports your commitment,
challenges your thinking, and connects you to the people and places your capital touches.
THE INVESTOR COMMUNITY OF CARE
Site visits
Visit partner organizations, meet the leaders, and see the care infrastructure being built.
Anniversary impact summaries
A personalized look each year at what
your capital helped make possible.
Investor gatherings
Virtual and in-person time to connect and go deeper on non-extractive finance and reproductive justice economics.
Co-investment access
Early access when opportunities exceed the fund's capacity.
Quarterly reports
Financial updates paired with stories of organizational and community impact.
Office hours & directory
Regular sessions with the Orchid team, plus a directory for connecting with fellow investors.
FIND YOUR FIT
Not sure
where to start?
Answer three quick questions and we'll suggest an entry point and follow up personally. No pressure, and no commitment.
QUESTIONS WE HEAR
FAQ
For anything specific to your situation, we'll connect you with our investment team.
Who can invest in notes?
All note investors must be accredited investors as defined by the SEC. That means, for example, a net worth over $1M excluding a primary residence, or income over $200K ($300K jointly) in each of the last two years. Orchid's legal and compliance process handles verification.
Can I participate if I'm not accredited?
Yes. A grant, including from a donor-advised fund, into the Reparative pool is a charitable contribution, not a securities investment, so accreditation isn't required.
What does “evergreen” mean?
The fund doesn't close after a set period. It keeps raising, lending, and recycling capital as partners repay.
How is risk managed?
In layers: first-loss philanthropic capital, a junior Restorative buffer, a cash reserve, portfolio limits, and technical assistance alongside every investment. No investment is risk-free; the risks are described in full in the offering materials.
What happens if a partner can't repay?
We start with a conversation, then look at forbearance or restructuring, then mediation. Traditional enforcement is a last resort, guided by harm-reduction principles. See the full process →
Who manages the fund?
Orchid Capital Collective, a 501(c)(3), owns and oversees the fund. Mission Driven Finance provides fund administration and underwriting support.
Who manages the fund?
No. We raise on a rolling basis with quarterly closings. There's no rush. Take the time you need to feel confident.
REQUEST OFFERING MATERIALS
Let’s start with
a conversation.
Detailed terms, including note classes, interest, maturities, and the full term sheet, are shared once accredited status is confirmed through Orchid's verification process.
Prefer email? invest@orchidcapital.fund
