The Fund seeks to invest, directly or indirectly, in a portfolio of first priority or first lien senior secured loans to Canadian companies. Loans comprising the Portfolio will be fully supported by senior liens on assets of the borrower companies.
There are 1 million small and medium-sized enterprises (SMEs) in Canada, contributing over 50% of Canada’s GDP.
Due to post-2008 capital requirements and regulatory changes, SMEs are under-served by the banks.
In particular, there are 800 companies in Canada engaged in Security and Defence manufacturing that have limited access to financing, yet Canada is committed to spend in excess of $40B over the next 15 years to its military.
Sources: HSBC Commercial Banking Report, Statistics Canada, Industry Canada
Private debt is a loan-by-loan business. Ninepoint supplements fund-level oversight with an in-house Due Diligence & Oversight Team that has over 15 years of experience in corporate lending and loan origination.
Supporting our Oversight Team is BlackRock’s Aladdin platform, which provides additional risk management tools for the Oversight Team.
Cayman structure provides tax-efficient vehicle to potentially improve after tax returns for Canadian and non-Canadian investors
|Fund Type||Open-ended unincorporated
|Inception Date||Series S: September 2017
Series F: May 2018
|Registered Tax Plan Status||Not Eligible|
|Management Fee||Series A: 2.45%
Series F: 1.45%
Series S: 0.85%
|Performance Fee||See Offering Memorandum|
|Minimum Initial Investment||$5,000 accredited
|Minimum Subsequent Investment||$5,000|
|Minimum Investment Term||1 year minimum hold
|Redemptions||Monthly, with 180 days
Please be advised that Ninepoint Canadian Senior Debt Fund will be relying on the 45-day extension granted under Ontario Instrument 81-503- Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds (OI 81-503). Ninepoint Canadian Senior Debt Fund is relying on the extension in relation to the requirements under section 5.1(2) of National Instrument 81-106- Investment Funds Continuous Disclosure (NI 81-106), which requires an investment fund to deliver to a securityholder its annual financial statements concurrently with the filing deadline set out in Part 2 of NI 81-106. We expect to deliver the annual financial statements to securityholders within the next 10 days.