Tell us about your firm and why you believe your deal was
selected for recognition?
Our motto is: the Wealthy Invest Differently. Portland Investment
Counsel Inc. has made it its mission to provide all wealth-seeking investors with access to quality public and private
investment options typically reserved for the world’s wealthiest
and institutional investors. The Portland Private Income Fund has
provided investors with an opportunity to invest in a portfolio of
private commercial loans and development mortgages, originated
and administered by institutional experts. As of September 30,
2015, the Fund’s Series F units has outperformed publicly listed
mortgage investment corporations with a 9.2% annualized return
since inception date of January 2013.
What were the benefits of the deal to the Dealer/Issuer and
The Portland Private Income Fund (the Fund) provides investors
with opportunities that have typically been limited to institutional
investors. The Fund addresses the needs of investors seeking
high income yield without sacrificing quality or stability of capital.
The Fund is benefiting from the expertise of private market
lending specialists, who are focused on transactions outside
the lending profile of traditional financial institutions, offering
appropriately priced capital where there is a need for quicker,
smaller and shorter term financing than other lenders would
consider. Furthermore, the Fund provides a net asset value with
a lower sensitivity to changes in interest rates than publicly listed
mortgage investment corporations.
What was the broader impact of your deal? Has your deal
helped the economy or business sector in some way (e.g.
local, regional or national impact in jobs, investment,
Portland Private Income Fund’s underlying investments help
stimulate economic growth by making possible value creating
projects in Canada and supporting Canadian businesses, which
could otherwise be lacking appropriately priced capital. In the
real estate sector, the Fund is focused on infill and intensification
projects in South-Western Ontario and the GTA (i.e. outside the
very competitive core Toronto area) which are often underserved
by the large banks. The Fund helps finance developments
projects of reasonably priced accommodation with widespread
appeal, in areas with predictable absorption. Outside of realestate, the Fund facilitates loans to cash flow generating,
growing, profitable middle sized companies, diversified across
many vital economic sectors, including energy, manufacturing,
retail, consumer products, telecommunications and located
across the country: Alberta, Ontario, British Columbia, the
Maritimes, Quebec and Saskatchewan.
Why do you think other firms should nominate their deals for
the PCMA Private Capital Deals of the Year Awards?
Portland Investment Counsel Inc. is proud of its association with
the PCMA. Our interests are aligned with other private capital
market participants and we share the same goal: to provide
access to quality private offerings for all wealth-seeking investors.
The Deal of the Year Awards draws attention to this shared cause
and offers an opportunity to highlight some of the high quality
offerings available to investors.
2015 Investment Fund Deal of the Year
Portland Investment Counsel Inc.
Portland Private Income Fund
Winner of the 2015 PCMA Private Capital Markets Deals of the Year Award