Toronto, ON April 3, 2019 – Ninepoint Partners LP, one of Canada’s leading alternative asset managers, is pleased to announce the launch of the Ninepoint Trade Finance Fund, with New York-based global alternative asset management firm Highmore Group Advisors acting as Advisor to originate and underwrite transactions that meet the investment guidelines of the fund.
The Ninepoint Trade Finance Fund will provide institutional and high-net-worth investors and their advisors access to asset-based, purchase order & supply chain financing and factoring to small and middle-market companies across the U.S. Terms typically range from 30-120 days. The investment process includes multiple layers of underwriting and risk oversight.
According to an International Chamber of Commerce report, world trade flow is expected to reach US$19 trillion by 2020. The majority of this trade is driven by a growing number of small and medium size enterprises, who are often capital constrained when faced with revenue growth opportunities. This creates significant opportunities for non-Bank commercial finance companies such as Highmore.
“We are pleased to partner with Highmore and bring their deep expertise in the U.S. trade finance marketplace to Canadian investors,” says Ramesh Kashyap, Managing Director & Group Head, Alternative Income Group, Ninepoint Partners. “Highmore provides our clients with additional access to a significant credit market with the execution capabilities of, what we believe to be, one of the best teams in the business.” added James Fox, Managing Partner of Ninepoint Partners.
“We are pleased to be partnering with a firm like Ninepoint in bringing our offering and focus to investors and advisors,” says Dipak Jogia, Managing Partner and Co-Founder of Highmore. “Ninepoint’s understanding and expertise in the alternatives landscape, specifically in the private debt space, makes them the perfect partner.”
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $2.5 billion in assets under management.
Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Diversified Core, Alternative Income, and Real Assets.
Headquartered in New York, Highmore is a global alternative asset management firm. Highmore invests globally across both public and private markets providing clients with innovative investment solutions. Highmore was founded by a team with a long-shared history at firms such as Man Group, FrontPoint Partners, Bank of America Merrill Lynch, Citigroup and Oppenheimer & Co., where the team built investment businesses, developed differentiated alternative investment strategies, managed funds, and oversaw assets in excess of $25 billion.
Senior partners also have extensive experience working within high profile ultra high net worth families to grow complex operating businesses, commercialize new technologies, and direct meaningful political and philanthropic efforts. This breadth of experience enables Highmore to engage holistically with clients, not simply to safeguard and grow their assets, but to genuinely help clients who wish to make a difference: whether expanding a successful family business, starting a new venture, impacting their community, or simply securing peace of mind for future generations. Highmore manages and advises on assets in excess of $1.7 billion.
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