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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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