Fraser Mackenzie Private Credit

Navigate Private Yield Fund Finances Bench Brewing

Kyle Hacker — Mon, 06 Oct 2025 17:00:35 +0000

TORONTO and LINCOLN, Ontario, October 6, 2025— Navigate Private Yield Fund is pleased to announce that it has financed Bench Brewing’s acquisition of the Ace Hill and Liberty Village brands from Ace Beverage Group.

This acquisition brings together three complementary brands united by a shared commitment to quality, simplicity, and community. Ace Hill offers a strong foundation in both beer and ready-to-drink (RTD) beverages with favourites like Ace Hill Pilsner and Ace Hill Lemon Vodka Soda, while Liberty Village adds a crisp, better-for-you cider presence with its flagship zero sugar Liberty Village Dry Cider. Together, these additions will broaden Bench’s reach across beer, cider, and RTD categories while maintaining the unique identities that have made each brand so well-loved.

“We are excited to be part of this new chapter of Bench Brewing’s continued growth,” says Don Bent, managing partner of Fraser Mackenzie Private Credit, Navigate’s general partner. “Matt Giffen and his team have created an outstanding company with excellent products. Bench Brewing is a model company for the current generation of entrepreneurs, continually proving that you can achieve strong growth while maintaining a carbon-neutral footprint.”

For more information about the acquisition please see Bench Brewing’s official press release Click Here

About Navigate Private Yield Fund

Fraser Mackenzie Private Credit’s NAVIGATE PRIVATE YIELD FUND makes 2 to 5 year term loans in the form of mezzanine debt to profitable, privately-owned and small-cap public companies. The Fund has a Canada-wide mandate and will look at opportunities in almost any industry. The typical profile of the Fund’s portfolio companies are those with strong stable cashflows, and which may also have an asset base that is under appreciated by its bank lender, such as a subscription base of recurring revenues, vacant land, or other assets not fully leveraged by a bank. While the Fund is sometimes the only lender to its customers, it more typically works in partnership with a bank or credit union where together they can provide a holistic solution for the borrower.

For more information about Navigate Private Yield Fund, visit fmprivatecredit.com.

For more information about Bench Brewing, visit benchbrewing.com.

The post Navigate Private Yield Fund Finances Bench Brewing appeared first on Fraser Mackenzie Private Credit.

Navigate Private Yield Fund Provides $4 million Loan to Sernova Biotherepeutics

Kyle Hacker — Thu, 17 Apr 2025 17:00:00 +0000

The post Navigate Private Yield Fund Provides $4 million Loan to Sernova Biotherepeutics appeared first on Fraser Mackenzie Private Credit.

Announcing Launch of Navigate Private Yield Fund LP III

Kyle Hacker — Thu, 17 Apr 2025 16:00:00 +0000

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.

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