Toronto-based Ninepoint Partners LP debuted Ninepoint Monroe U.S. Private Debt Fund, which is advised by Chicago-based Monroe Capital LLC.

The fund is one of the first in Canada to offer exposure to private debt in the US$9.3-trillion middle market, Ninepoint states.

The fund is designed for institutional and high net-worth investors, with a minimum investment of US$25,000 for accredited investors and US$150,000 for non-accredited investors.

The management fee is 0.10%, and all classes charge a 1.55% advisory fee at the master fund level.