Bloom Burton Healthcare Lending Trust

Growth & income strategy

 

Fund Profile

The Fund will invest in healthcare companies by providing debt or debt-like capital to companies in the pharmaceutical, medical device/instrumentation and healthcare services markets.

The Fund will lend to both privately held and  publicly  traded companies using a variety of structures, including senior-secured term loans, convertible debt, bridge loans and preferred share structures. In respect of its investments, the Fund will consider intellectual property, real estate, equipment, cash flow, royalty/passive income, tax losses and inventory as collateral to secure the obligations of borrowers.

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Counterparties & Terms 

Inception Date Jul-15
Management Fee 2%
Performance Fee 20% (annual)
Hurdle 7%
Subscriptions/Liquidity Quarterly/ Bi-Annually
Lock Up No
Currency Canadian Dollars
Distribution $0.70 per annum
Auditor Goodman & Co.
Custodian  CIBC Mellon Trust Co.
Counsel  Baker McKenzie
Adminstrator  SGGG FSI
Registered Accounts Eligible
Fundserv Code  BBI210(A) BBI220(F)

 

Compound Returns

Years Year January February March April May June July August September October November December Year-to-Date
1 2022 -7.0% 11.7% 0.7% -2.6% -11.6% -14.1% 2.3% -6.1% -8.6% -3.0% -5.4% 8.5% -32.4%
2 2021 -8.5% 2.0% -6.4% 1.5% -1.8% -2.2% -2.6% 1.9% -4.3% 1.4% -5.7% -4.2% -25.9%
3 2020 -1.0% 0.9% -2.2% 0.9% -1.0% 2.7% -14.7% 22.0% -5.1% 4.4% -1.9% -3.0% -1.7%
4 2019 1.5% -0.1% 2.0% 0.4% 3.9% 1.1% -0.2% -2.2% -0.1% -0.5% -0.6% 3.2% 8.9%
5 2018 4.6% -2.8% 3.6% -1.5% 1.9% 2.6% -1.7% 6.0% -0.1% 0.7% -1.1% -0.8% 11.7%
6 2017 -0.1% 0.1% 4.8% -0.5% -2.8% -1.9% -1.4% 14.9% 11.7% 12.2% 5.5% 6.0% 58.0%
7 2016 0.4% 0.0% 0.1% 0.1% 0.8% 0.1% 0.7% 0.4% -1.8% 0.6% -0.5% 0.2% 1.1%
8 2015 ` -0.2% -0.3% 0.0% -0.1% 0.2% 0.4% 0.0%

*Partial Year

Michael Brown CFA

Portfolio Manager

T: 416-551-1659

E: mbrown@bloomburton.com