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ABOUT

Kilgour Williams Capital is the only private credit manager in Canada focused on small balance loans made to prime borrowers in the US. Founded in 2007 to advise Canadian investors burdened with restructured asset-backed commercial paper on risk assessment, valuation, and liquidity access. KiWi advised on more than $2 billion of these structured notes before becoming an investment manager in 2017. Today, the firm’s two private credit funds, KiWi Private Credit Fund and KiWi Business Credit Fund, provide steady monthly distributions that are largely uncorrelated to public markets.

Investment Principles

MASSIVE DIVERSIFICATION

PRIME BORROWERS ONLY

MONTHLY DISTRIBUTIONS WITH LOW VOL

INDEPENDENT MONTHLY VALUATION

KiWi Private Credit Fund

Consumer

Small Business

Short-term Res. Development

LOAN VERTICALS

US Loans

Avg loan size: $24K

Portfolio duration: 18 months

PORTFOLIO OVERVIEW

Avg credit score: 710

7-8%
Target Return

7.8%
1-yr Return

7.7% p.a.
3-yr return

BY THE NUMBERS

7.0% p.a.
5-yr Return

1.25%
Mgmt Fee

KiWi Business Credit Fund

Gas Station

Grocery Store

Dental Office

TYPICAL BUSINESSES

Take-Out Restaurant

US Loans

Avg loan size: $129K

Portfolio duration: 16 months

PORTFOLIO OVERVIEW

Avg credit score: 720

12-15%
Target Return

15.2%
1-yr Return

16.4% p.a.
Since Inception

BY THE NUMBERS

1.25%
Mgmt Fee

15%/8%
Perf. Fee/Hurdle

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