Through December 31, 2023
OVERVIEW
Mariemont Capital is a private, fixed-income fund specializing in senior, non-agency RMBS.
The Fund is a unique growth opportunity to take advantage of a fractured market managed by an experienced high-yield debt professional.
$10,000,000 Invested in January 2014
FUND OBJECTIVE
Achieve superior returns by seeking securities with greater return potential and capital preservation characteristics
SECURE
Duration: 1.98 Years
Current LAY: 6.79%
Current LTV: 34.61%
Average Loan Age: 206 Months
Fixed Rate Loans: 96.2%
Average FICO: 710
Assets Under Management
Started with $1,015,000 in January 2014
Currently have $42,600,000 of AUM
Leverage
Debt to Equity will never be greater than 1 to 1
CONSISTENT
Our Fund has generated positive returns in 95 of our 120 months of investing (79%).
For comparison, the Bloomberg Bond Index has generated positive returns in only 64 of those same 120 months (53%).
Investment Strategy
The Fund will primarily focus its investments in non-agency residential mortgage-backed securities (RMBS). Mariemont Capital seeks above-market returns through 3 drivers: buy and hold, market making, and limited leverage. We primarily invest in senior tranches as those provide the greatest risk adjusted returns and are aligned with our preservation of principal investment philosophy.
HOW TO INVEST
Contact Kevin Taylor: (513) 802-5770 kt@mariemontcapital.com
Minimum Initial Investment: $250,000
See Offering Memorandum for details
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
The principal risks of investing in the Mariemont Capital Fixed Income Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.