Espresso Capital

Financé avec succès!

247 500 $
Collectés sur un objectif de 225 000 $ 110%
71
investisseurs
Campagne terminée
Aperçu

Espresso Income Trust is a new fund managed by Espresso Capital Ltd. The fund’s objective is to gain exposure to a diversified portfolio of loans to technology companies which generate monthly income while minimizing the risk of capital loss.

The Class A Units offered hereunder will distribute 8% annualized on a monthly basis, and up to a further 2% top-up after each calendar year-end. This initial offering will also serve to qualify the fund for investment from registered plans (RRSP, TFSA, RESP, ect.) upon securing 150 investors.

Espresso Income Trust will be offered on a continual basis with monthly closings on the last day of each month. The Class A Units can be redeemed quarterly as set-out in the Offering Memorandum.

Espresso provides short and medium term loans to early and expansion stage Canadian technology companies. Since its inception in 2009, Espresso has provided over 500 loans valued at approximately $120 million to over 200 companies, while delivering approximately 10% or better annual cash distributions to investors.

A significant portion of the loan portfolio will be comprised of loans secured by refundable government tax credits, consistent with Espresso’s historical investment strategy. Espresso estimates that Canadian companies receive over $3 billion annually in tax credits and other government incentives. The fund also provides recurring revenue and working capital financing. Espresso estimates its target market at approximately 15,000 Canadian technology companies

Espresso utilizes proprietary credit models supported by advanced analytics to assess the creditworthiness of borrowers and manage risk. The effectiveness of Espresso’s systems is reflected in its low historical loan loss rate of approximately 2% of capital advanced.

Additional details are available in the fund’s Offering Memorandum.

 

Comparative Track Record

 

Fund I

Fund II

Fund III

Fund IV

Total

Inception

Nov-09

Nov-11

Feb-13

Feb-13

 

Loans Advanced

$17.7M

$18.2M

$66.1M

$15.2M

$117.2M

Loans Outstanding

$0.0M

$0.2M

$18.0M

$8.6M

$26.8M

Normalized IRR*

16.9%

11.3%

11.3%

11.0%

12.2%

 

As at December 31, 2015. Derived from audited and unaudited results. The information set forth above is historical and is not intended to be, nor should it be construed as, an indication as to future performance. *Internal rate of Return (IRR) is not equivalent to annual cash yield.

Rencontrer l'équipe
Gary Yurkovich
EXECUTIVE CHAIRMAN & FOUNDER
Alkarim Jivraj
CEO
Enio Lazzer, CPA, CA
CHIEF OPERATING OFFICER & CFO
Chris Hill
CHAIRMAN OF CREDIT COMMITTEE
Will Hutchins
MANAGING DIRECTOR
Harry Pokrandt
MANAGING DIRECTOR
Rob Foxall
ASSOCIATE DIRECTOR, BUSINESS DEVELOPMENT
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Investisseurs
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