Ninepoints, Pennsylvania

Ninepoint Partners Announces Partial Exit of Investments in Flagship Private Credit Strategy

Retrieved on: 
Monday, October 16, 2023
Investment, Inflation Reduction Act of 2022, Ninepoints, Pennsylvania, Carbon, Heel, Hilltop Holdings Inc., Funding, Sale, Bank, IRA

The Funds will receive approximately US$24 million from the Company’s sale two weeks ago of US$53 million in Inflation Reduction Act (IRA) investment tax credits.

Key Points: 
  • The Funds will receive approximately US$24 million from the Company’s sale two weeks ago of US$53 million in Inflation Reduction Act (IRA) investment tax credits.
  • The sale is Aemetis’ first transaction involving the IRA tax credits, which were generated from biogas projects built by its subsidiary.
  • “This is just the latest in a series of successful liquidity events for the Ninepoint-TEC private credit strategy and follows on the heels of two full loan exits in recent months,” said John Wilson, Ninepoint Managing Partner and co-Chief Executive Officer.
  • The proceeds from the transaction will provide the Funds with additional liquidity to service their cash requirements and will allow the Ninepoint-TEC Private Credit Fund II to continue to invest and grow its private credit strategy.

Ninepoint Partners Announces Ninepoint 2023 Short Duration Flow-Through Limited Partnership

Retrieved on: 
Thursday, August 17, 2023
Unit, Partnership, TD, Flow-through share, Geology, Ninepoints, Pennsylvania, Prospectus, Master limited partnership, Investment, Mining, CIBC, Sprot, Security (finance)

TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on August 15, 2023 in connection with its offering of limited partnership units (the “Units”).

Key Points: 
  • TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on August 15, 2023 in connection with its offering of limited partnership units (the “Units”).
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.
  • The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Boosts Offerings to Canadian Institutional Investors Through Expanded Strategic Partnership With U.S. Private Debt Specialist Monroe Capital

Retrieved on: 
Tuesday, June 20, 2023
Partnership, Ninepoints, Pennsylvania, History, Direct lending, Investment, Growth, Security (finance)

Monroe will be enhancing its institutional offerings in the Canadian market through the expanded partnership with Ninepoint Institutional Partners LP, a division of Ninepoint Partners.

Key Points: 
  • Monroe will be enhancing its institutional offerings in the Canadian market through the expanded partnership with Ninepoint Institutional Partners LP, a division of Ninepoint Partners.
  • The partnership will enable Canadian institutional investors to gain access to Monroe’s private credit investment strategies – including direct lending, asset-based lending, specialty finance, opportunistic, real estate, structured credit and equity – within the estimated US$10-trillion U.S. middle market.
  • This has allowed companies to make acquisitions, improve working capital, invest in property and equipment and fund private equity M&A activity.
  • “Institutional investors have long valued private debt as an important portfolio diversifier,” said Ramesh Kashyap, Managing Director of the Alternative Income Group at Ninepoint Partners.

Ninepoint Publishes New ‘Private Debt in 2023’ White Paper

Retrieved on: 
Tuesday, May 23, 2023
CPP Investment Board, Investment, Consumer, Ninepoints, Pennsylvania, Growth, Bank, Security (finance)

TORONTO, May 23, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, today released a new white paper that analyzes the factors that we believe are setting the stage for the continued growth of the private debt asset class across the globe. The report titled “Private Debt in 2023: Assessing the Current State of the Private Debt Market in Canada and Across the Globe” examines the unique dynamics influencing private debt investing and allocation trends both within the Canadian market and across the globe.

Key Points: 
  • The report titled “ Private Debt in 2023: Assessing the Current State of the Private Debt Market in Canada and Across the Globe ” examines the unique dynamics influencing private debt investing and allocation trends both within the Canadian market and across the globe.
  • Key takeaways the white paper highlights on the state of the Canadian private debt market include:
    Private Debt Filling the Funding Gap: The current inflation-induced, high-interest-rate environment has created a liquidity crunch in the highly regulated Canadian credit market.
  • Even though data around Canadian private debt activity is scarce, we have observed that Canadian private debt funds are enjoying healthy pipelines of loan deals, including borrowers traditionally financed by banks.
  • Smart Money Endorsement: The most sophisticated investors in the country have been steadily increasing their allocations to private debt on behalf Canadians.

Ninepoint Announces Unitholder Approval of Change to the Investment Objectives of Ninepoint Bitcoin ETF

Retrieved on: 
Thursday, April 20, 2023
Bitcoin, Blockchain, Effective date, Web3, Internet, Culture, Ninepoints, Pennsylvania, Partner (business rank), BITC, TKN, Special, TSX, Toronto Stock Exchange, Cryptocurrency, Fund

TORONTO, April 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint Bitcoin ETF (“Ninepoint Bitcoin ETF” or the “Fund”) (TSX: BITC; BITC.U), is pleased to announce that the special meeting (the “Special Meeting”) of unitholders of the Fund (the “Unitholders”) was held today.

Key Points: 
  • TORONTO, April 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint Bitcoin ETF (“Ninepoint Bitcoin ETF” or the “Fund”) (TSX: BITC; BITC.U), is pleased to announce that the special meeting (the “Special Meeting”) of unitholders of the Fund (the “Unitholders”) was held today.
  • Web3 is a new vision of the internet, incorporating concepts such as decentralization, digital assets and blockchain technologies.
  • On the Effective Date, the Fund will also change its investment strategies, its name to Ninepoint Web3 Innovators Fund, and its tickers to TSX: TKN; TKN.U to better reflect the Fund’s new investment objectives.
  • The Fund will continue to trade on the TSX under its current ticker symbols until the Effective Date.

Ninepoint Partners Announces Launch of Nuveen-Ninepoint Global Real Estate Fund LP

Retrieved on: 
Monday, March 20, 2023
Teachers Insurance and Annuity Association of America, Insurance, Workplace, Ninepoints, Pennsylvania, TIAA, AUM, Fund, Commercial property, Nuveen

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners, one of Canada’s leading alternatives asset managers, is pleased to announce the launch of Nuveen-Ninepoint Global Real Estate Fund LP (“the Fund”), Ninepoint’s new private real estate offering for Canadian institutional investors. This multi-strategy fund will invest in established real estate mandates managed by Nuveen across the industrial, multifamily, retail, workplace, and alternatives sectors.

Key Points: 
  • TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners, one of Canada’s leading alternatives asset managers, is pleased to announce the launch of Nuveen-Ninepoint Global Real Estate Fund LP (“the Fund”), Ninepoint’s new private real estate offering for Canadian institutional investors.
  • This multi-strategy fund will invest in established real estate mandates managed by Nuveen across the industrial, multifamily, retail, workplace, and alternatives sectors.
  • Real estate exposure is expected to be, but not limited to, real estate assets in the industrial, multifamily, retail, office, workplace and alternatives sectors.
  • The Fund may also invest in other underlying investment vehicles, including but not limited to Ninepoint High Interest Savings Fund.

Ninepoint Announces Proposal to Change the Investment Objectives of Ninepoint Bitcoin ETF

Retrieved on: 
Thursday, March 2, 2023
Bitcoin, Toronto Stock Exchange, TKN, National Advisory Committee on Institutional Quality and Integrity, TSX, Blockchain, Internet, Meeting, Ninepoints, Pennsylvania, BITC, Cryptocurrency, Fund

TORONTO, March 02, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint Bitcoin ETF (“Ninepoint Bitcoin ETF” or the “Fund”) (TSX: BITC; BITC.U), announced today its proposal to change the investment objectives of Ninepoint Bitcoin ETF, subject to approval by the holders of units of the Fund (“Unitholders”) at a special meeting (the “Meeting”) to be held on or about April 20, 2023.

Key Points: 
  • TORONTO, March 02, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint Bitcoin ETF (“Ninepoint Bitcoin ETF” or the “Fund”) (TSX: BITC; BITC.U), announced today its proposal to change the investment objectives of Ninepoint Bitcoin ETF, subject to approval by the holders of units of the Fund (“Unitholders”) at a special meeting (the “Meeting”) to be held on or about April 20, 2023.
  • Ninepoint Bitcoin ETF’s current investment objectives are to seek to provide Unitholders with exposure to digital currency Bitcoin through an institutional-quality platform that is cost-efficient to Unitholders and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin.
  • If approved, the change to the investment objectives will be implemented in May 2023.
  • The Fund will also change its investment strategies, its name to Ninepoint Web3 Innovators Fund, and its tickers to TSX: TKN; TKN.U to better reflect the Fund’s new investment objectives.

Ninepoint Partners Announces Ninepoint 2023 Flow-Through Limited Partnership

Retrieved on: 
Wednesday, January 4, 2023
Partnership, Flow-through share, Mining, Sprot, Ninepoints, Pennsylvania, Unit, Geology, Master limited partnership, Investment, Prospectus, Security (finance)

TORONTO, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on December 23, 2022 in connection with its offering of limited partnership units (the “Units”).

Key Points: 
  • TORONTO, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on December 23, 2022 in connection with its offering of limited partnership units (the “Units”).
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.
  • The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Announces Estimated Annual 2022 Capital Gains Distributions for ETF Series Securities

Retrieved on: 
Friday, December 16, 2022
Fund, Real assets, Letter, Prospectus, Income tax, Asset, USD, Ninepoints, Pennsylvania, Life insurance

Ninepoint Partners confirms that as of November 1, 2022, the following Funds are not expected to have annual capital gains distributions for the 2022 tax year:

Key Points: 
  • Ninepoint Partners confirms that as of November 1, 2022, the following Funds are not expected to have annual capital gains distributions for the 2022 tax year:
    Based in Toronto, Ninepoint Partners is one of Canada’s leading alternative investment management firms overseeing $8.2 billion in assets under management and institutional contracts.
  • Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”).
  • Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end.
  • If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

Ninepoint Partners Announces November 2022 Cash Distributions for ETF Series Securities

Retrieved on: 
Wednesday, November 23, 2022
Prospectus, Income tax, Real assets, Fund, Ninepoints, Pennsylvania, Life insurance

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or [email protected].

Key Points: 
  • For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or [email protected].
  • Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the Funds).
  • Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds.
  • If distributions paid by the Fund are greater than the performance of the Fund, then an investors original investment will shrink.