Ninepoint Canadian Senior Debt Fund
The fund invests in a portfolio of 1st lien senior secured loans to middle-market Canadian companies. The advisor follows a rigorous, bottom-up fundamental process that emphasizes asset level over-collateralization and disciplined portfolio management. The strategy focuses on companies with capable management teams, strong fundamentals, visible potential cash flow and, strong liquidation or break up values. Loans are structured as working capital, revolver, or term loans that are fully collateralized with an average LTV of 60% and Term-to-Maturity of 18 months. Loan size typically ranges between $5m and $30m with a maximum exposure per issuer of 25% of the fund’s NAV at cost.