Amur Capital surpasses $1 Billion in assets under management
11 July 2024 - 3:00AM
Leading private market asset management firm, Amur Capital
Management Corporation, surpassed the $1-billion mark in
consolidated assets under management (AUM) in 2023 as it continues
to expand its business in the mortgage investment corporations
(MICs) industry.
"Reaching the $1-billion AUM mark is a testament to the trust
our investors have placed in Amur Capital and the hard work of our
talented investment team," said Arif Mulji, Chief Executive Officer
of Amur Financial Group.
Amur Capital's success has been driven by its disciplined
investment approach, which focuses on sourcing high-quality
mortgages from its own origination entities, Alpine Credits and
Sequence Capital. The firm also takes a prudent approach to
providing consistent returns balanced with capital preservation
through its longstanding risk and portfolio management protocol
that has been employed for over 40 years.
Key mortgage funds highlightsAmur Capital
offers a trio of conservative, income, and high-yield funds to suit
the needs of different investors. With these MICs, investors can
gain exposure to Canada’s thriving real estate market without the
demands of active property management.
- Assets under management: Total assets under
management across the funds grew by more than 40% over the last 3
years, from $700 million in 2021 to over $1 billion in Q1
2024.
- Mortgage portfolio:
- 99% residential mortgages
- Weighted average LTV for flagship MIC (Fund 2) is 53%
- Reduced concentration risk with geographically diversified
mortgages across British Columbia, Alberta, and Ontario
- Target vs net
returns: All three funds experienced considerable growth
from 2022 to 2023, surpassing their target returns.
- Fund 1 - 8.29% vs 7%
- Fund 2 - 11.08% vs 9.5%
- Fund 3 - 14.03% vs 13%
"We will continue to build on this momentum, leveraging our
expertise and resources to deliver innovative solutions and
outstanding results for our investors," added Mulji.
A mortgage investment corporation (MIC) is a unique investment
vehicle that pools money from investors to fund mortgages secured
by Canadian real estate. The MIC earns money through interest
payments on those mortgages and then shares all those profits with
its shareholders.
Learn more about them here:
https://amurcapital.ca/
About Amur CapitalAmur Capital Management
Corporation is a registered Exempt Market Dealer acting as the
capital raising and investor relations arm of its related entity,
Amur Financial Group. Amur Capital Income Fund, the firm’s flagship
fund, has provided a simple way to get consistent and stable annual
returns since its inception in 1984. Building on this success, Amur
Capital has expanded its lineup to include Amur Capital
Conservative Income Fund (2009) and Amur Capital High Yield Fund
(2017), offering Canadian investors more ways to achieve their
medium to long-term financial goals.
For further information, please contact:Investor RelationsPhone:
1-866-888-4139Email: invest@amurcapital.ca