KiWi Private Credit Fund has now completed three full years of positive monthly returns! The fund has not had a “down” month since inception in 2017. This is a testament to the Fund’s principles of investing in high quality loans, maximizing diversification in the portfolio, and staying on strategy.
In August, loan performance largely returned to pre-COVID levels among the Consumer and Small Business segments of the portfolio as the Fund has, for the last several months, been funding new loans through a COVID-specific lens, meaning either that new borrowers are less susceptible to the economic fallout of COVID or they are counter-cyclical to COVID effects (eg: Cleaning businesses and Groceries) Also, the Fund’s real estate loans, which experienced some delinquency as construction projects were paused, have now largely recovered.
To learn more, please review our Monthly Portfolio Report, which is available here.