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Toronto-based Ninepoint Partners has launched a U.S. private debt fund, the alternative investment manager announced Wednesday.

The Ninepoint Monroe U.S. Private Debt Fund is advised by Chicago-based Monroe Capital LLC and is one of the first funds in Canada to provide exposure to private credit investment products in the U.S. middle market, the firm said in a news release.

The fund invests in a vehicle that invests in the secured debt of U.S. middle-market companies (firms with annual revenues of between $10 million and $1 billion).

Monroe itself has directly provided over $7 billion in senior secured loans since 2004, the firms said.