An Opportunistic Income-Focused Fund
Add Monthly Cashflow and Upside Growth To Your Portfolio
OVERVIEW
Aspen Funds is pleased to present the, Aspen Private Credit Fund, an open-ended fund focused on providing credit to commercial real estate properties.
A dislocation in the capital markets has created a unique opportunity for non-bank lenders to provide capital through preferred equity, mezzanine debt & bridge loans.
This Fund will be focused on providing current cash yield and upside through profit share while investing in preferred positions in the underlying investment.
Regular Distributions 
Strategy & Tranches 
Investor Protection 
Returns & Reporting 
Liquidity 
Structure INVESTMENT BENEFITS
Focus of the Fund will be on delivering a high current yield paid monthly, with additional profits shared quarterly, creative passive cash flow.
Fund investments will be in preferred positions in underlying assets with priority of payment before common equity holders, and generally with takeover rights for events of default.
Fund will accept capital contributions quarterly at the Net Asset Value. Investors will receive quarterly statements of account and will have optional liquidity after a 2-year lockup period.
Aspen Funds is lead sponsor of this Fund, an 11+ year track operating open-ended credit funds. We will leverage our deep experience in this space and internal staff. cash, paid monthly
Aspen Funds management team are co-investing personal capital in this Fund. Further, our incentive structure prioritizes a preferred return to our limited partners.
Fund will make investments into multiple projects, markets & operators. As Fund grows, we expect the diversification to be further enhanced.
INVESTMENT OVERVIEW
| CLASS A SHARES* | CLASS B SHARES* | CLASS C SHARES* | |
|---|---|---|---|
| Minimum Investment | $100,000 | $1,000,000 | $5,000,000 |
| Preferred Return | 6% | 7% | 8% |
| LP/GP Promote | 70/30* | 80/20* | 90/10* |
| Target Net Total Return (annualized) | 10-12% | 11-13% | 12-14% |
| Target Net Cash Yield (annualized) | 8-11% | 9-12% | 10-13% |
| Target Compounded Return (annualized) | 11-14% | 12-15% | 13-16% |
| AUM Fee | 2% | 1.5% | 1.5% |
*Performance shown are targeted returns and are not guaranteed.
STRATEGY
How do we source deals?
The minimum investment in Aspen Private Credit Fund is $100,000.
The initial lock-up period for this fund is 2 years. After 2-years we provide best-efforts liquidity and allow investors the option to redeem their shares on a quarterly basis with 90 days written notice.
Yes, this fund is open-ended, also known as an evergreen fund. We calculate Net Asset Value (NAV) on a quarterly basis and allow investors to subscribe and redeem at the current share price.
Net Asset Value (aka "NAV") is the net value of an investment fund's assets less its liabilities, divided by the number of shares outstanding.
Preferred returns will begin to accrue 90 days post funding, with the first distribution available the following month.
On a monthly basis, investors receive their preferred return. Quarterly, we provide capital account statements, investor newsletters, and financial statements. We also always welcome calls from our investors.
Yes, our funds currently only allow accredited investors.
Yes, our funds allow investment through qualified retirement money. This must be done through a self-directed IRA or 401K. If you don’t yet have a self-directed account, we can make introductions to several custodians that we have worked with. Additionally, our funds do not generate Unrelated Business Income Tax (UBIT).
An individual or an entity can generally qualify as an accredited investor if they meet at least one of the following criteria:
For more information about the requirements of an accredited investor, see this bulletin from the SEC.
I am a CPA and also the Executive Director of Northen Michigan Angel investment group. I have reviewed many investments, and it is a pleasure to see one like Aspen, with its outstanding business model and professional execution with timely updates on its progress.
-Dave & Deanna
I am a healthcare marketing executive. I have known Bob Fraser for over 10 years and hold him in the highest regard, and I have been with Aspen from the beginning. I couldn’t be more pleased – the dividends and statements come on time, and the team is always responsive and helpful. I feel like my money is in good hands.
-Dawn
I am a business guy from Canada who owns different companies, one with 500 employees. I like to find great opportunities. I have been with Aspen for about four years. I look for people who have very good business experience and that I can trust. Aspen has provided that for me.
-Brian
I'm an accounting professor and real estate investor. In the past, I have not had much free time to oversee my portfolio. In early 2014, Bob Fraser contacted me to tell me about Aspen. I am impressed with the Aspen team. I will be investing more funds with Aspen as I liquidate my real estate investments.
-Marsha
The 1-hour webinar covers many topics about the Aspen Private Credit Fund in great detail, including:
Generating immediate cash flow
with upside
How our open-end fund structure works
Highlight 2 of our initial fund investments
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