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Alternative Market Briefing

Canadian asset manager Ninepoint Partners launches Ninepoint Trade Finance Fund

Thursday, April 04, 2019

Laxman Pai, Opalesque Asia:

Canada's alternative asset manager Ninepoint Partners has launched Ninepoint Trade Finance Fund.

The fund was launched together with US-based alternative asset management company Highmore Group Advisors acting as Advisor to originate and underwrite transactions that meet the investment guidelines of the fund.

Ninepoint Partners, that oversees approximately $2.5bn in assets under management, said in a press release that the new fund will provide institutional and high-net-worth investors and their advisors access to asset-based, purchase order & supply chain financing and factoring to small and middle-market companies across the U.S. Terms typically range from 30-120 days. The investment process includes multiple layers of underwriting and risk oversight.

According to an International Chamber of Commerce report, world trade flow is expected to reach $19tn by 2020. The majority of this trade is driven by a growing number of small and medium size enterprises, who are often capital constrained when faced with revenue growth opportunities. This creates significant opportunities for non-Bank commercial finance companies such as Highmore.

"We are pleased to partner with Highmore and bring their deep expertise in the U.S. trade finance marketplace to Canadian investors," says Ramesh Kashyap, Managing Director & Group Head, Alternative Income Group, Ninepoint Partners. Headquartered in New York, Highmore is a global alternative asset ......................

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