Solid Income In A Rising Rate Environment

Good day,

While pension and endowment funds have invested in private debt for decades, the large majority of Canadian real estate investors have no exposure to alternative asset classes. The Rockridge Private Debt & Real Estate Pool is Canada’s first retail multi-provider portfolio solution focusing on asset-based lending, factoring, mortgage investment corporations and real estate.

As privately held securities aren’t traded on an open market, they don’t experience the price swings stocks and bonds do. The Rockridge pool raised over $100 million since it was launched on February 1st. Here is a breakdown of the pool’s current allocation:

55% – Asset Based Lending & Factoring

  • 6 providers
  • Total assets under management of the 6 providers: $1.53B
  • Total number of loans: 206
  • (98 Asset Based Lending loans)
  • (108 Factoring loans)

40% – Mortgage Investment Corporations

  • 4 providers
  • Total assets under management of the 4 providers: $3.47B
  • Total number loans: 4,148
  • 53.4% Commercial
  • 46.6% Residential
  • 57% Canada
  • 42% US
  • 1% Other
  • Total loan to value:  62%

5% Private Real Estate Investment Trusts

  • 1 provider
  • Total assets under management: $351MM
  • Number of buildings: 10
  • Number of apartment units: 1,170

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“I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone and may not reflect the views of Harbourfront Wealth Management. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by Harbourfront Wealth Management Inc.”

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