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TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) — Ninepoint Companions LP (“Ninepoint”), the supervisor of Ninepoint-TEC Non-public Credit score Fund II (“Ninepoint-TEC” or the “Fund”), at this time introduced that it has been acknowledged with a Deal of the Yr Award from ABF Journal. The award acknowledged Ninepoint and Financial institution of Montreal (“BMO”) for the $100 million revolving credit score facility BMO offered to Ninepoint earlier this 12 months.
The credit score facility, which was introduced in April, included $50 million dedicated and an extra $50 million accordion and is getting used to assist the Fund’s continued progress, new origination exercise, and liquidity necessities. BMO acted because the Sole Arranger, Sole Bookrunner and Agent for the credit score facility and carried out in depth due diligence on the Fund and its underlying loans, the Fund’s sub-advisor, Third Eye Capital Administration Inc., and the Fund’s supervisor, Ninepoint Companions.
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“We’re proud to be acknowledged alongside BMO in ABF Journal’s prestigious Deal of the Yr awards,” mentioned John Wilson, Co-CEO and Managing Companion of Ninepoint Companions. “The award is a testomony to the importance of our relationship with BMO, a top-tier Canadian financial institution, on a singular and versatile credit score facility that’s centered on supporting the expansion of the Ninepoint-TEC technique in alignment with the continued demand for personal credit score publicity amongst buyers searching for diversified return streams which might be largely uncorrelated to public markets.”
The ABF Journal Deal of the Yr awards acknowledge among the most original and fascinating transactions of the 12 months, offering perception into the 12 months’s deal-making setting. The offers acknowledged had been chosen by the ABF Journal editorial crew based mostly on reader nominations, reader recognition and ABF Journal advisory board suggestions. ABF Journal thought of offers of all sorts, together with asset-based loans, factoring amenities, buy order financings and enterprise debt transactions.
About Ninepoint Companions LP
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Primarily based in Toronto, Ninepoint Companions LP is certainly one of Canada’s main different funding administration companies overseeing greater than $7.8 billion in belongings beneath administration and institutional contracts. Dedicated to serving to buyers discover revolutionary funding options which have the potential to boost returns and handle portfolio danger, Ninepoint gives a various set of other methods spanning Equities, Mounted Earnings, Various Earnings, Actual Property, F/X and Digital Property.
For extra info on Ninepoint, please go to www.ninepoint.com or contact us at 416.362.7172 or 1.888.362.7172 or make investments@ninepoint.com.
About BMO Financial institution of Montreal
Serving prospects for 200 years and counting, BMO is a extremely diversified monetary companies supplier – the eighth largest financial institution, by belongings, in North America. With whole belongings of $1.14 trillion as of October 31, 2022 and a crew of numerous and extremely engaged workers, BMO gives a broad vary of private and business banking, wealth administration and funding banking services to 12 million prospects and conducts enterprise by way of three working teams: Private and Industrial Banking, BMO Wealth Administration and BMO Capital Markets.
Media Inquiries:
Longacre Sq. Companions
Scott Deveau / Kate Sylvester
ninepoint@longacresquare.com
646-386-0091
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