The fund seeks to achieve attractive risk-adjusted returns with the downside protection associated with investing primarily in secured private credit opportunities in a manner that is intended to be decoupled from public markets’ volatility.
|MTD†||YTD %†||1 YR %||3 YR %||5 YR %||10 YR %||Inception %††|
200,000 companies make up the group of U.S. middle-market companies, each with annual revenues between $10 million and $1 billion.
Middle Market firms contribute nearly $9.3 trillion to the national economy annually and equate to the World’s 3rd largest economy. The sheer size of this market makes it a significant opportunity for private credit lenders.
Source: National Center for the Middle Market, Q3’18 Middle Market Indicator, The Middle Market Power Index: American Express and Dun & Bradstreet, World Bank Group, 2017 GDP
Growing middle market companies generate approximately one third of private sector GDP and employ roughly 47.9 million people in the U.S. Monroe Capital provides capital that allows middle market companies to:
71% of mid-market firms have been in business 20+ years
Middle market loans have lower defaults and similar recoveries compared to broadly syndicated transactions due to:
Increased fragmentation in lower middle market credit has resulted in less competition, improved pricing and lower leverage for lenders.
The Advisor, Monroe Capital, has provided private credit solutions to borrowers in the U.S. and Canada since 2004
Chicago-based, team of approx. 100
National Deal Sourcing Platform
Top of the capital structure with a senior lien on assets and often a pledge
of company stock
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. Aladdin provides state-of-the-art risk management tools for our Oversight Team.
|Fund Type||Open-ended unincorporated investment trust|
|Inception Date||September 30, 2020|
|Registered Tax Plan Status||Not Eligible|
|Management & Advisory Fee||
Series F: 0.10%
|Performance Fee†||20% over 7% Preferred†|
|Minimum Initial Investment||$25,000 accredited
|Minimum Subsequent Investment||$5,000|
|Minimum Investment Term||Early redemption fee of 2%, if redeemed within the first 12 months|
Quarterly, with 180 days notice, changing to 120 day notice effective December 31, 2022.
(Redemption Limit: Per quarter limit on redemptions is 5% of the outstanding NAV of the Master Fund [as defined in the Offering Memorandum] as at the prior quarter’s end. The redemption cap [as defined in the offering memorandum] will apply pro rata across all investors in the Master Fund.)
All returns and fund details are a) based on Class F units; b) net of fees; c) annualized if period is greater than one year.
For accredited investor requirements please consult a financial advisor or the Fund’s offering documents.
The Ninepoint-Monroe U.S. Private Debt Fund (the “Fund”) is generally exposed to the following risks. See the offering memorandum of the Fund for a description of these risks: overall risk; not a complete investment program; general investment risk; limited operating history; changes in investment strategy; limited ability to liquidate investment; capital depletion risk; redemptions; Foreign currency risk exposure to class FH Units; fluctuations in net asset value and valuation of the Master Fund’s investments; unitholders not entitled to participate in management; reliance on the Advisor; dependence of the Advisor on key personnel; taxation of the Fund; no ownership interest in the Portfolio; distributions; potential indemnification obligations; liability of unitholders; lack of independent experts representing unitholders; no involvement of unaffiliated selling agent; not a public mutual fund; charges to the Fund; All Risks associated with the Master Fund and investments by the Master Fund.
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). The Ninepoint-Monroe U.S. Private Debt Fund is offered on a private placement basis pursuant to an offering memorandum and is only available to investors who meet certain eligibility or minimum purchase amount requirements under applicable securities legislation. The offering memorandum contains important information about the Fund including its investment objective and strategies, purchase options, applicable management fees, performance fees, other charges and expenses, and should be read carefully before investing. Performance data represents past performance of the Fund and is not indicative of future performance. Data based on performance history of less than five years may not give prospective investors enough information to base investment decisions on. Please contact your own personal advisor on your particular circumstance. This communication does not constitute an offer to sell or solicitation to purchase securities of the Fund. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
* $150,000 for non-individual.
†Fund returns between 7% and 8.75% are payable to the General Partner as a Performance Allocation plus applicable taxes. In addition. 20% of returns in excess of 8.75% are payable to the General Partner as a Performance Allocation.