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AIP Convertible Private Debt Fund LP


An offering memorandum based limited-partnership that provides access to senior secured convertible asset based loans to public North American small cap companies with a focus on generating superior risk-adjusted returns and capital protection.

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AIP Convertible Private Debt Fund LP


An offering memorandum based limited-partnership that provides access to senior secured convertible asset based loans to public North American small cap companies with a focus on generating superior risk-adjusted returns and capital protection.

Offering
Memorandum

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Fund
Presentation

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Subscription
Agreement

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Strategy Overview

  • Top down industry analysis used to identify favorable sectors based on present macro themes
  • Senior secured convertible loans with the ability to convert to publicly traded common shares at a discount
  • Generate synergies and value by assisting borrowers on growth and acquisition plans

Why Invest?


Unique Diversification

  • Correlation to S&P 500 Index 0.14
  • Bloomberg Barclays US Aggregate Bond Index: 0.13
  • Benefits of adding AIP Convertible Private Debt Fund LP to your portfolio

Capital Protection

  • Fully supported by sufficient collateral and senior liens on critical assets of the borrower with a preference for self liquidating collateral
  • Disciplined underwriting and monitoring process to ensure capital protection
  • Additional loan security including corporate/personal guarantees, confession of judgement and blocked accounts

Equity upside with downside protection

  • Convertible loans allow for investors to:
    • Participate on upside to growing industries in rising markets
    • Protect their principal and receive interest on loans in falling markets
  • Bonus equity, warrants and revenue participation
Typical Loan Characteristics*
Average LTV**~ 50%
Average Term6 - 12 months with ability to renew
StructureEquity convertible with bonus shares/warrants or royalties
Amortizing Term LoanBullet, fixed payment or excess cash flow sweep
Typical Loan Size$1mm - $10mm

About AIP

  • Founded in 2013, AIP Asset Management has gained a reputation for its innovative approach to private debt investing, and strives to protect the principal investment while gaining upside market exposure to small cap companies.
  • Internationally recognized, AIP won the Best Macro Hedge Fund in Canada Award in 2015 (Acquisition International Hedge Fund Awards)*and 2017 (Hedgeweek Global Awards)**, and the management team was nominated for the E&Y Entrepreneurs of the Year in 2014.
  • Investment philosophy that integrates research and due diligence on all factors of the decision making process; understanding the client, managing risk, minimize fees and taxes, uphold the highest standards of ethics and build trust.

AIP Principals


Jay Bala, CFA

Jay Bala, CFA is the CEO and Senior Portfolio Manager of AIP Asset Management. Jay previously worked as an Associate Portfolio Manager with Kingsmont Investment Management and Third Eye Capital as an Investment Analyst. Jay holds a Bachelor of Commerce from the University of Toronto and is a CFA charter holder. In 2014, Jay was a nominee for the Ernst & Young Entrepreneur of the Year Award.

Alex Kanayev, MBA, CPA, ICD.D

Alex Kanayev, MBA, CPA, ICD.D is a co-founder & Chairman of AIP Asset Management and a Member of the Advisory Board. He sits on the board of several companies and is Managing Partner at AIP Private Capital. Previously, he worked as Senior Vice President at Third Eye Capital and was Portfolio Manager at BMO Financial Group. Alex received his MBA from Schulich School of Business at York University and is a CPA charter holder and has an ICD.D designation from the Institute of Corporate Directors. In 2014, Alex was a nominee for the Ernst & Young Entrepreneur of the Year Award.

Karl Lohwater, JD, LLM

Karl Lohwater, JD, LLM (Taxation) is the CCO of AIP Asset Management. Previously, Karl was General Counsel of two of the world’s largest actuarial and human resources consulting firms, Towers Perrin (now Willis Towers Watson) and Buck Consultants (now Buck Global). He was also the President, CCO, and Financial and Operations Principal of broker-dealer subsidiaries of Mellon Financial Corporation (now Bank of New York Mellon). Karl received his J.D. from Columbia University Law School and LLM (Taxation) from New York University Law School and LLM (Taxation) from New York University Law School.

Karim Mecklai

Karim Mecklai is the Vice President of business development at AIP Asset Management. Previously, Karim worked at Portfolio Strategies Securities Inc. (PSSI), B2B Bank, Beacon Wealth Management, Dundee Wealth and Assante Wealth Management. During his time at Assante, Karim was registered as a Regional Vice President (RVP) for Central Canada region. Karim holds a Bachelor of Arts in Economics from the University of British Columbia.

Investor Profile


FOR MOST TYPICAL CANADIAN INVESTORS WHO:

  • Are looking for alternative strategies.
  • Are looking for a diversifying source of returns.
  • Are looking to pursue growth opportunities around the globe.

Fund Codes


  • Class A — AIP 100
  • Class F — AIP 200
  • Class I — AIP 300

For sales inquiries, please contact
Ninepoint Partners at:

Toll Free: 1.866.299.9906
Email: invest@ninepoint.com