Author: Sandesh Rajanathan

Nov / 03 / 25

Mid-September marked the launch of Spartan’s DP PF Access Fund, (the “Fund”), a Canadian-domiciled continuously-offered “evergreen” version of Dawson Partners’ structured secondary private equity strategy.  To date, Dawson has raised over US$1B in various similar vehicles across the globe.

 

The Fund will invest alongside Dawson’s flagship closed-end funds into portfolios of diversified structured secondary private equity investments with annual returns targeted in the approx. 10%-11% range, net of fees.

 

Unlike previous closed-end Dawson vehicles, the Fund will be available to Accredited Investors and eligible for Registered Accounts.

 

All units are C$-denominated and are available in Class A and Class F versions as either distributing or DRIP units.  Annual distributions are targeted in the approx. 8% range and the majority of such distributions should be classified as capital gains.

 

There is a significant “anchor-class” fee discount available until the earlier of (i) DP PF raising C$200M in the Fund and (ii) March 31, 2026:

  • the anchor-class Management Fee is 0.95% as compared to 1.45% for the non-anchor class
  • the anchor-class has no Performance Fee, compared to 10% over a 5% hurdle for the non-anchor class

 

Subscriptions into the Fund are monthly on the 21st of the month or preceding business day (if the 21st falls on a weekend or holiday). Redemptions are on the last business day of each calendar quarter, subject to 55 calendar days notice.

 

For more details, please CLICK HERE or contact Paul Patterson (ppatterson@spartanfunds.ca) who would be pleased to provide you with additional details.

Jan / 10 / 25

 

 

Spartan has recently launched the Capital Asset Income Fund for investors seeking monthly income.

 

The Fund provides access to two residential mortgage loan funds – the Mortgage Company of Canada Inc. (“MCOCI”) and First Mortgage LP (“FMLP”) – managed by Capital Asset Lending, one of Canada’s largest private providers of residential mortgages.

 

The underlying loans are short-term – the weighted average term-to-maturity is less than one year – and focuses on borrowers with conservative loan-to-value ratios purchasing single-family houses in the Greater Toronto Area and other urban Ontario centers (with minimal condo exposure, and no commercial, construction or land development lending).

 

Why Invest?

  • The Fund is currently targeted to yield 8.6% (Class ‘F’) and 7.5% (Class ‘A’)
  • Historically low correlation to both equity and fixed-income markets
  • No missed distributions for both underlying funds
  • Mortgages are short-term mortgages (< 1 year) so all have been qualified based on current interest rates and valuations
  • No historical loss experienced on share capital
  • Eligible for registered accounts

 

For more details of this offering please CLICK HERE  or contact our sales representative Paul Patterson (ppatterson@spartanfunds.ca) who would be pleased to provide you with more details.

Jan / 10 / 25

Spartan Fund Management is pleased to announce that Bromma Asset Management’s resource-focused strategy – which has compounded in excess of +20% since its October 2019 founding – is now available in Canada.

 

The Bromma Resource Canada Access Fund (the “Fund”) provides investors with access to the Cayman-domiciled Bromma Resource Fund Inc. (the “Master Fund”) managed by Bromma Asset Management, a Toronto-based, natural resource-focused investment manager co-founded in 2019 by Chief Investment Officer Harry Lundin.

 

The Fund’s strategy focuses on the following three main areas:

 

  • Event-Driven Financings – Bromma originates and/or has access to financings which Bromma believes have asymmetric risk-to-reward profiles; it also believes that it receives strong allocations on over-subscribed financings that have greatly outperformed the market
  • Investing in Developers – Bromma invests in companies that are on the verge of becoming producers for the purpose of capitalizing on the “re-rate” – i.e., the increase in the valuation multiple as a company moves from the development to production stage
  • Structured Financings – Bromma participates in and has originated convertible debenture financings on favorable terms for companies it believes have best-in-class projects

For more details of this offering please CLICK HERE  contact our sales representative Paul Patterson (ppatterson@spartanfunds.ca) who would be pleased to provide you with more details.

Dec / 04 / 23

The Globe & Mail recently interviewed Ed Sollbach, the portfolio manager of Spartan’s MM Fund, which has significantly outperformed the TSX since the Fund’s inception 8 ½ years ago – by 4% per annum or over 63% on a cumulative basis.  MM Fund’s compounded annualized return since inception is +11.10%.[1]

 

MM Fund is highly ranked by Morningstar for 5 year returns of Canadian Equity funds.[2]

 

Other MM Fund highlights:

  • Eligible for registered accounts and approved for purchase at most broker-dealers
  • As a prospectus-based mutual fund, it is available with no paperwork and a very low minimum order size ($500)
  • Portfolio Manager is the largest investor in the Fund, ensuring a good alignment of incentives between manager and investors

 

Click here to read the full Interview

 

Click here for more information on the MM Fund

 

 

 

 

 

[1] Performance numbers are net of management and performance fees for the period commencing July 15, 2015 for the Class F units, but do not take into account early redemption fees if investments are held less than 1 year. 
 Returns and statistics for other classes are available on request.

[2] Category: Canadian Equity; Index: Morningstar Canada GR CAD; Earliest Available data July 15, 2015.