Sprott Asset Management, a USD10 billion Toronto-based alternative asset manager, has rolled out a second iteration of the firm’s private credit trust strategy, Sprott Private Credit Trust II, with hedge fund specialist Arif N Bhalwani.
Bhalwani is the chief executive officer and managing director of Third Eye Capital Management, a sub-adviser to Sprott Asset Management.
Sprott Private Credit Trust II focuses on identifying short-term opportunities primarily in North American companies that are otherwise unable to access financing.
The strategy of the fund is to invest in underlying funds that hold an actively managed portfolio of asset-based loans that will be focused on private and public companies, primarily in Canada and the US, that are otherwise unable to access traditional financing.
