Kilgour Williams Capital Launches KiWi Private Credit Fund
JULY 10, 2017 – TORONTO
First Canadian-Managed Fund Focused on Marketplace Lending Assets
Kilgour Williams Capital (KWC) is pleased to announce the launch of KiWi Private Credit Fund. The fund debuted last month with a significant initial investment from a large Canadian asset manager and it is now open to Canadian individual and institutional investors.
The income-oriented fund intends to deliver superior yield by investing in a highly diversified portfolio of prime consumer loans originated by leading online lending marketplaces like Prosper Marketplace (www.prosper.com) and Lending Club (www.lendingclub.com). KWC is sponsor and portfolio manager of the fund.
Previously, Canadian investors have been unable to access this attractive asset class, but the KiWi Private Credit Fund now provides Canadian investors the opportunity to access the attractive risk-adjusted yields offered by the consumer credit asset class. “Canadian investors have been seeking yield for some time, but many of the alternatives are highly exposed to a very frothy real estate sector. Marketplace loans can provide similar yield, but without the sector concentration of real estate” said Colin Kilgour of KWC.
Daniel Williams, also of KWC, continued, “We like this asset class for many reasons. We can deploy capital efficiently, build a highly diversified portfolio, and select only those loans that meet our pre-defined risk and return criteria. On a macro level, as most of the loans will be originated in the US, we are bullish on US consumer credit as personal debt levels are much lower in the US than in Canada right now.”
The fund invests in prime credits only, employs no leverage, and with a target portfolio duration of just over 1 year it can adapt quickly and benefit from a potentially rising interest rate environment.
FOR MORE INFORMATION: Colin Kilgour, 416.315.4884, firstname.lastname@example.org