Celernus Pivot Private Credit Fund (CPPCF) is a secured commercial lending fund focused on financing the growth of small and medium-sized enterprises.
CPPCF was recognized with a 3rd place award for the Best 10-Year Return in the category of Private Debt at the 2020 Canadian Hedge Fund Awards. CPPCF's objective is to achieve consistent risk-adjusted returns with low volatility and low correlation to the returns of traditional equity and fixed income markets. The fund is intended to be used as a fixed income alternative with a target yield of greater than 9% when fully invested. Given the secured nature of the lending arrangements in which the fund invests, the fund's return variability is expected to be notably lower than that of both equity and corporate bond indices. CPCF seeks to realize its investment objectives by constructing a diversified portfolio of private income-generating debt securities. These securities incorporate such commercial finance arrangements as: receivables-factoring, asset-based lending, purchase order financing, equipment leasing and business lending. The Fund may invest in first and second lien senior loans, term mezzanine debt and bridge loans, consisting of secured senior and subordinated debentures. At its discretion, the Private Credit Fund may utilize leverage to maintain investor liquidity as well as augment returns.Fund Files