An offering memorandum based limited-partnership that provides access to senior secured convertible asset based loans to public North American small cap companies with a focus on generating superior risk-adjusted returns and capital protection.
An offering memorandum based limited-partnership that provides access to senior secured convertible asset based loans to public North American small cap companies with a focus on generating superior risk-adjusted returns and capital protection.
Unique Diversification
Capital Protection
Equity upside with downside protection
| Typical Loan Characteristics* | |
|---|---|
| Average LTV** | ~ 50% |
| Average Term | 6 - 18 months with ability to renew |
| Structure | Equity convertible with bonus shares/warrants or royalties |
| Amortizing Term Loan | Bullet, fixed payment or excess cash flow sweep |
| Typical Loan Size | $1mm - $10mm |
Jay Bala, CFA is a co-founder, CEO and Senior Portfolio Manager of AIP Asset Management. He holds the position of Board of Director at several publicly listed companies. He has prior experience working at a large family office, Equity Research at an Investment Bank and a prominent private debt fund. Jay holds a Bachelor of Commerce from the University of Toronto and is a CFA charter holder. In 2014, Jay was a nominee for the Ernst & Young Entrepreneur of the Year Award.
Alex Kanayev, MBA, CPA, ICD.D is a co-founder & Chairman of AIP Asset Management and a Member of the Advisory Board. He sits on the board of several companies and is Managing Partner at AIP Private Capital. Previously, he was the SVP at a prominent Private Debt Fund and Portfolio Manager at BMO Financial Group. Alex received his MBA from Schulich School of Business at York University and is a CPA charter holder and has an ICD.D designation from the Institute of Corporate Directors. In 2014, Alex was a nominee for the Ernst & Young Entrepreneur of the Year Award.
Karl Lohwater, JD, LLM (Taxation) is the CCO of AIP Asset Management. Previously, Karl was General Counsel of two of the world’s largest actuarial and human resources consulting firms, Towers Perrin (now Willis Towers Watson) and Buck Consultants (now Buck Global). He was also the President, CCO, and Financial and Operations Principal of broker-dealer subsidiaries of Mellon Financial Corporation (now Bank of New York Mellon). Karl received his J.D. from Columbia University Law School and LLM (Taxation) from New York University Law School and LLM (Taxation) from New York University Law School.
Karim Mecklai is the CFO & Vice President of business development at AIP Asset Management. Previously, Karim worked at Portfolio Strategies Securities Inc. (PSSI), B2B Bank, Beacon Wealth Management, Dundee Wealth and Assante Wealth Management. During his time at Assante, Karim was registered as a Regional Vice President (RVP) for Central Canada region. Karim holds a Bachelor of Arts in Economics from the University of British Columbia.
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