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: 0.00% (July 1, 2022- June 30, 2023)
(Temporary management fee reduction: Unitholders will benefit from a time-limited management fee reduction of 10 basis points for one year beginning on July 1, 2022 and ending on June 30, 2023.)
|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.)
* $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.