The strategy’s investment objective is to provide stable returns mainly through income generation via a diversified portfolio of specialized private lenders. It seeks to capture the dislocation in traditional banking dynamics via investments across geographies and multiple sectors of activity, including residential and commercial real estate lending, lower and middle market corporate lending, and other asset based and specialty lending. The strategy will invest primarily through Limited Partnerships (LPs) located globally, specialized in private lending solutions. The team applies a rigorous, multi‐phased manager due diligence process. Portfolio construction is focused on risk management and strategic liquidity management in an asset class which is typically illiquid.
Why Invest in this Strategy
- Alternative to traditional fixed income with compelling risk-adjusted return proposition
- Diversified by market segment and geography across specialized managers
- Team with direct lending experience and robust manager due diligence expertise, firm with extensive track record in private lending
- Risk management and ongoing loan monitoring process, seeking to provide downside protection
Monthly Performance as at August 31, 2020
|Jan.||Feb.||Mar.||Apr.||May||Jun.||Jul.||Aug.||Sep.||Oct.||Nov.||Dec.||Year / YTD|
|Net annualized return since inception||8.18|
|Year / YTD||9.31|
|Year / YTD||3.23|
Net annualized return since inception
Return are net of fees payable to underlying strategies.
Performance between June 2018 and November 2019 is based on the Global Diversified Lending Offshore Fund, L.P. managed by Fiera Capital Inc (USA), and is shown in USD as the strategy is fully hedged. Performance between December 2019 and January 2020 is from the USD share class of the reference fund and is therefore shown in USD; thereafter, the performance is from the CAD share class, shown in CAD with hedging fully applied.
Inception date: December 1, 2019
Nicolas Vaugeois MSc, CFA
Marc-André Desjardins EMBA
Majlinda Kamberi CAIA
The information provided herein does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is no guarantee of future results. Information pertaining to Fiera pooled funds is not to be construed as a public offering of securities in any jurisdictions of Canada. The offering of units of Fiera pooled fund is made pursuant to the fund’s Trust Agreement and only to those investors in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about Fiera pooled funds, including a statement of the fund’s investment objective, is contained in its Trust Agreement, a copy of which may be obtained from Fiera Capital Corporation. Unit values and investment returns will fluctuate. Please read the Trust Agreement of the pooled funds before investing. All performance data assume reinvestment of all distributions or dividends and do not take into account other charges or income taxes payable by any unitholder that would have reduced returns. Pooled funds are not guaranteed, their values change frequently and past performance may not be repeated.