Sightline Conversations: An Update on Asset-Based Lending with Waygar Capital
In this episode of our Sightline Manager Conversations Part II series, Sightline Wealth Management’s Warren Gerow speaks again with Wayne Ehgoetz, president and CEO of Waygar Capital, the subadvisor to Ninepoint’s Canadian Senior Debt Fund. During their first conversation last year, Gerow and Ehgoetz explained opportunities for lenders and investors in the asset-based lending space. Now, Ehgoetz again joins Gerow to give an update on the Canadian Senior Debt Fund and explain his current views of the private debt sector.
Specifically, Gerow and Ehgoetz discuss:
- How the Canadian Senior Dent Fund has performed since the COVID-19 pandemic began
- The Fund’s total AUM, number of loans, average loan size and average duration
- Frequency in which borrowers renew their loans and the reasons behind it
- Frequency in which the Fund examines its collateral
- How sourcing arrangements function and why they engage in them
- Thoughts on the private debt sector, its outlook and future opportunities
- Potential capacity constraints within the Canadian asset-based lending market
You can listen to Gerow and Ehgoetz’s entire conversation here. As always, please do not hesitate to contact us at (416) 945-6228 with any questions.
Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts.
Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds.
The opinions and information contained in this article are those of Sightline Wealth Management (“Sightline”) as of the date of this article and are subject to change without notice. Sightline endeavors to ensure that the content has been compiled from sources that we believe to be reliable. The information is not meant to be used as the primary basis of investment decisions and should not be constructed as advice. Each investor should obtain independent advice before making any investment decisions.