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    Convertible Private Debt Fund LP

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    Separately Managed Accounts

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    Companies Looking for Capital

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    About AIP

    • Founded in 2013, AIP has gained a reputation for its innovative approach to convertible private debt investing and strives to protect the principal investment while gaining upside market exposure to small cap companies.
    • AIP is one of the top performing private debt investors in Canada with a focus on the 200M market cap segment of the North American Market.
    • The AIP Convertible Private Debt Fund LP is distributed by Ninepoint Partners LP, which is among the largest independent asset managers in Canada.
    • Toronto-based team of approximately 10 professionals with over 100 years of combined direct lending, private equity, and capital markets experience.
    • AIP Convertible Private Debt Fund LP has been a top performing Fund over the past 5 years as recognized by numerous industry awards.

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    Why Partner With AIP?

    Experienced Entrepreneurs

    Strong Investment Team

    • Over 100 years of combined capital markets experience serving underserved small cap market
    • Extensive network of deep relationships in various industries
    • Assists you with enhanced market exposure, sell-side research/investment banking introductions, and access to our proprietary list of M&A candidates.

    Interests Are Aligned

    • Since inception the Fund has generated about 36% CAGR
    • Roughly 70% of return attributed to equity upside
    • No principal repayment if business plan is successfully executed
    For the "Typical Loan Characteristics" table please use the following rows:
    Average Term12-18 Months, with option to renew
    StructureSenior Secured Convertible Loan
    Interest Rate/Coupon7-9%
    Typical Loan Size$1mm-$15mm

    AIP Principals

    Jay Bala – B.Comm, CFA

    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

    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, BA

    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.

    Karim Mecklai – BA, PDO

    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.

    For sales inquiries, please contact
    AIP Asset Management at:

    Toll Free: 1.866.299.9906

    Royal Bank Plaza, South Tower
    200 Bay Street, Suite 3240,
    Toronto, Ontario, Canada M5J 2J1