TORONTO, Ontario – Fraser Mackenzie Private Credit (“FMPC”) is pleased to announce the first close of its new Navigate Private Yield Fund LP III (the “Fund”). The Fund offers family offices and other accredited investors a professionally managed and diversified portfolio of private company loans. Fund III has an identical mandate to the principal’s predecessor FMMC Private Yield Funds I & II.
The Fund’s mandate is to make debt investments of $1 to $10 million producing high current yield with medium term incremental upside in a diversified portfolio , primarily in Canada. The Fund’s focus within its target market is choosing those opportunities offering high safety of principal relative to their return. The Fund often works in partnership with a Canadian bank or credit union where the Fund acts as a sophisticated financial partner to help senior lenders win new business or retain existing clients where “the ask” is greater than their credit dept. feels comfortable with.
Fraser Mackenzie Private Capital is grateful for the support and partnership of both new and long-standing investors. “We are excited to launch our new evergreen debt platform which marks a significant step forward in our mission to provide innovative and reliable capital solutions to meet the evolving needs of both borrowers and investors,” stated Don Bent, FMPC’s founder and President.
The investments primarily take the form of 2 to 5 year second secured loans to profitable, cash- flowing owner-operated businesses, often with attached equity warrants or similar upside potential (“Equity Kickers”), with a view to distributing regular quarterly interest income payments to the investors, plus periodic payouts based on the longer-term capital appreciation of the Equity Kickers as they are monetize.
