This fund launched on January 3, 2023 and is the successor fund to the original CMIT. The fund’s investment objective is to invest all or substantially all of its net assets in the Celernus Mortgages LP. Celernus Mortgages LP holds a diversified portfolio of mortgages along with other fixed income investments, all with a goal of providing low volatility consistent returns.
The Celernus Mortgages LP is designed to provide a steady stream of interest income with a high degree of safety. By investing in short term mortgages with terms predominantly between six and twelve months and maintaining a loan to value ratio for the portfolio of less than eighty percent, Celernus Mortgages LP offers a high degree of safety. Due to the short term nature of the mortgages, the principle invested is not subject to the swings in value due to changes in interest rates that medium and longer term fixed income investments are subject to. Each individual mortgage that the limited partnership invests in is carefully underwritten and selected to meet the standards for safety and return. The portfolio consists of mortgages secured by residential single family dwellings, multi-family residential, commercial, land and construction financing. The limited partnership does not intend to utilize leverage for the purpose of increasing returns; however, some leverage may be employed temporarily from time to time for the purpose of facilitating redemptions.Fund Files