Ninepoint-Monroe U.S. Private Debt Fund - Canadian $ Hedged - Series F

Ninepoint-Monroe U.S. Private Debt Fund - Canadian $ Hedged

Overview

  • U.S. Direct Lending

    U.S. Direct Lending

    Primarily cash flow based loans to U.S. lower mid-market companies with floating interest rates over SOFR with an interest rate floor to hedge against interest rate risk.

  • Credit First, Zero Loss Mentality

    Credit First, Zero Loss Mentality

    Focus on structure, downside risk and principal protection.

  • Senior Secured

    Senior Secured

    Security interests are primarily 1st lien and at the top of the capital structure.

  • Access to U.S. Mid-Market

    Access to U.S. Mid-Market

    U.S. mid-market businesses generate USD$6.0 trillion equating to the world’s 3rd largest economy with loans exhibiting lower default rates and better recoveries when compared to traditional broadly syndicated markets.

Fund Objective

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.

Investment Team

  • Ninepoint Partners Advised by Monroe Capital Management Advisors LLC
    Ninepoint Partners Advised by Monroe Capital Management Advisors LLC
    Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-inve...
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  • Mick Solimene
    Managing Director, Portfolio Manager, HNW Portfolios
    Mick Solimene
    Managing Director, Portfolio Manager, HNW Portfolios
    Mr. Solimene is a Managing Director and Portfolio Manager for Monroe’s high net worth portfolios, including serving as the Chief Financial Officer and Chief Investment Officer of both Monroe Capital Corporation (NASDAQ:MRCC) and Monroe Capital Income Plus Corporation. He joined the firm in 2021 and is a member of Monroe’s Investment Committee. He has over 35 years of experience in alternative investing, corporate finance, restructuring and special situations.  Prior to Monroe, Mr. Solime...
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Performance

Compound Returns

As at 6/28/2024 (Series F) NPP925
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
-
As at 6/28/2024
3.00 5.16 6.14 - - 6.96
Inception Date: September 30, 2020

Calendar Year Returns (%)

As at 11/29/2024 (Series F) NPP925
2024 YTD 2023 2022 2021
4.23 5.05 6.31 9.05

Risk Tolerance

  • Low
  • Low - Med
  • Medium
  • Med - High
  • High

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Open-ended unincorporated investment trust
Inception Date
September 30, 2020
Registered Tax Plan Status
Not Eligible
Distributions
Quarterly††
Performance Fee
20% over 7% Preferred
Minimum Initial Investment
$25,000 accredited
$150,000 non-accredited*
Minimum Subsequent Investment
$5,000
Minimum Investment Term
Early redemption fee of 2%, if redeemed within the first 12 months
Redemptions
Quarterly, with 120 days notice.
(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.)
Valuations
Quarterly
†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 plus applicable taxes. * $150,000 for non-individual.
Fees
Fees
Management & Advisory Fee 
Series F: 0.10% 
All Classes are charged a 1.55% advisory fee at Master Fund Level.
Fund Codes
Fund Codes
Series F NPP925
Series PF NPP927

Documents

An investment in the Fund requires the financial ability and willingness to accept the high risks and lack of liquidity inherent in an investment in the Fund. Investors in the Fund must be prepared to bear such risks for an extended period of time. No assurance can be given that the Fund’s investment objectives will be achieved or that investors will receive a return of their capital. Investors should have the financial ability and willingness to accept the risk characteristics of the Fund’s investments. The Fund is available to accredited investors only and Advisors should review the offering documents and the financial ability of their clients in order to ensure investment suitability.

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; d) as at 12/29/2023. Portfolio allocation includes allocation made with pending subscriptions. Numbers may not add up due to rounding.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or returns on investment in the investment fund.

Unitholders of a class of Units will be entitled to receive a quarterly distribution equal to 100% of the Net Income (as such term is defined in the Declaration of Trust) of the Fund attributable to such class, as applicable, from the preceding quarter. Quarterly distributions to Unitholders of a class of Units will be automatically reinvested in additional Units of the class at the Net Asset Value of such class of Units on the date of distribution unless the Unitholder has submitted an election to receive distributions in cash prior to date of distribution. Cash distributions will be made in dollars. The Fund reserves the right to adjust the distribution amount for a class of Units if deemed appropriate.

The Ninepoint-Monroe U.S. Private Debt Fund - Canadian $ Hedged 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; Changes in Investment Strategy; Limited Ability to Liquidate Investment; Redemptions of Units; Redemption Cap Subject to Manager Discretion; Financial Condition, Liquidity and Capital Resources; Capital Depletion Risk; Risks Related to the Novel Coronavirus Disease (COVID-19); Risks Related to the Russian Invasion of Ukraine; Fluctuations in Net Asset Value and Valuation of the Master Fund’s Investments; Unitholders not Entitled to Participate in Management; Reliance on the Manager; Dependence of the Manager on Key Personnel; Reliance on the Advisor; Dependence of Advisor on Key Personnel; Taxation of the Fund; No Ownership Interest in the Master Fund or Portfolio; Delays in Subscription; 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; Risks Associated with the Master Fund and Investments by the Master Fund; Overall Investment Risk; Changes in Investment Strategy; General Economic and Market Conditions; Risks of Executing Investment Strategies; Market Liquidity; Discretion of the Manager; Concentration of Investments; Charges to the Master Fund; Performance Allocation; Non-Disclosure of Positions; Risk of Taxation; Availability of Investment Strategies; Business Risks; Middle Market Companies; Nature of Investments; Non-Performing Loans; Collateral; Inability to Meet Redemption Requests Due to Illiquidity of Collateral; Illiquidity; Credit Risk; Securitized Products; Investment in Collateralized Loan Obligations; Affiliated Collateralized Loan Obligations; Investments in Pooled Investment Funds; Real Estate Investments; Principal Transactions; Loan Origination; Availability of Loans; Lender Liability and Equitable Subordination; Interest Rate Risk; Borrower Fraud; Breach of Covenant; Insolvency Considerations with Respect to Issuers of Loans; Lender Liability; Equitable Subordination; Senior Loans Risk; Junior Debt Securities; Bank Loans; Non-Controlling Investments; Below-Par Securities; Distressed Investments; Litigation Finance Investments; Futures and Forward Contract Risks; Use of Leverage by the Master Fund; Use of Leverage by Portfolio Companies; Risks of Associated with Certain Dispositions; Lack of Sufficient Investment Opportunities; Projected Operating Results; Need for Follow-On Investments; Investments in Equity Securities Generally; Non-U.S. Investments; Currency Exchange Risk; Long-Term Investments; Counterparty Risk; Director Liability; The Advisor and Manager Receive Advisory Fees on the Total AUM of the Master Fund and the Manager and General Partner Receive Performance Allocations on the Net Asset Value of the Master Fund; Other Possible Risks.

The Ninepoint-Monroe U.S. Private Debt Fund - Canadian $ Hedged is offered on a private placement basis pursuant to an offering memorandum and are 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.

Ninepoint Partners LP: Toll Free: 1.866.299.9906. Dealer Services: CIBC Mellon GSSC Record Keeping Services: Toll Free: 1.877.358.0540