Purpose Specialty Lending Trust

A global private debt fund providing truly low correlation and an attractive return by investing in private markets.

What is Private Debt?

Broadly defined as privately negotiated loans, private debt is an emerging asset class where institutions are stepping in to fill the gap where banks will not lend. At US$1-trillion, private debt funds are projected to more than double in the next decade. As a favoured asset class of pension plans and institutions, private debt offers investors a diversifying return stream that’s truly independent of broader markets. Because the private debt market is less liquid than public fixed income and equity markets, there is a greater opportunity for a more favourable risk-adjusted return. Specialty knowledge and expertise is key to maximizing the benefits of this unique category.

Types of Private Debt

Direct Lending

Privately negotiated loans between a company and a lender. Typically, these loans are first-lien senior debt that is secured by assets such as real estate or equipment.

Supply Chain Financing

When a supplier sells its invoices to a lender at a discount after approval from the buyer. This lending allows the buyer to pay later and the supplier to secure its money earlier.

Specialty Finance

Consumer or small business enterprise (“SME”) loans, originated by non-bank lenders

Mezzanine Debt

Debt that is situated between the senior secured bank debt and the equity in an issuer or borrower’s capital structure. Mezzanine debt is typically used to finance leveraged buyouts, recapitalizations and corporate acquisitions.

Distressed Debt

Debt of companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy.

The Power of Private Debt in Your Portfolio

Growth of hypothetical $100,000 portfolio

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Purpose Speciality Lending Trust

Canada’s first multi-manager private debt fund, built with best-in-class credit managers from around the globe.

Current Allocations

Targeted Portfolio

  • Terms
    Price: $10.00 per unit
    Tax Status: Registered
    Structure: Offering Memorandum
    Minimum Purchase: $10,000
    Leverage: Maximum of 15% of NAV
    Currency Hedging: Hedge the $US exposure back to $C
    Redemption: Monthly, 90 days’ notice
    Settlement: T+15
    Distribution Policy:
    Will not have a fixed quarterly distribution amount, but distributions are initially targeted to be 8.0%.
  • How to Purchase
    Class F1: PFC3401
    Mgmt Fee: 0.65
    Performance Fee: See Offering Memorandum

    Class A1: PFC3400
    Mgmt Fee: 1.65
    Performance Fee: See Offering Memorandum

Funds Closures To Date

Monroe Capital Income Plus

Originates senior secured loans and uni-tranche loans in the lower middle market companies located throughout the U.S. and Canada

Oaktree Middle-Market Direct Lending Fund

Primarily focused on directly originated senior secured loans made to performing middle-market borrowers located in North America

ONEX Senior Credit Fund

Syndicated leveraged loans of non-investment grade companies mainly in the U.S., as well as in Canada and Europe

ONEX Credit Lending Partners

Senior secured first lien corporate loans and other loan investments in private equity sponsor-owned portfolio companies and selectively, other borrowers

Brookfield Credit Opportunities Trust

Opportunistic, global credit strategy that includes investments in equities, credit and distressed debt

Victory Park Capital Speciality Finance Fund

Comprised of investments in the specialty lending market through origination, peer-to-peer platforms, and privately negotiated loans to lower middle-market companies

BeechBrook UK SME Credit II

London based manager, focused on senior secured lending to SME’s in the lower middle market for funding corporate growth or expansions in Northern and Western Europe

TransAsia Asia Trade Finance Fund I & II

Supply chain financing focused on short term asset backed loans in the department of goods and receivables, typically with one leg of the trade route connecting to Asia

Fund Distributions

  • Series F
  • Series A
  • Series U
  • Class F
  • Class A

Interested in Specialty Lending?