We are a niche firm; a creative-thinking, agile player.
Our size and focus takes us into the corners to capitalize on unique and often misunderstood opportunities. We invest in companies that fly under the radar and below the site lines of most larger funds.
what sets us apart?
Fulcra employs a fundamental value investing approach to identify under-priced securities. We are a focussed firm with one mandate and strongly believe that a well diversified portfolio can be achieved with exposure to 20-25 individual companies. In order to identify situations with the most upside potential we play in the weeds to find the opportunities larger firms miss.
how do we work?
We are agnostic to credit rating agencies and instead rely on skill and hard work to create the incremental knowledge advantage required to drive long term growth. We are not constricted by any single minded investment strategy, which allows us to invest in any part of the capital structure that presents the greatest value.
how do we mitigate risk?
At Fulcra our goal is the return of capital and not return on capital. This approach allows us to identify the strategic value of underlying assets and focus on the end goal in a reasonable worst case scenario. As part of this strategy we generally prefer debt and senior securities within a capital structure.
why fulcra?
We are in the unique position where our founder is our portfolio manager and is meaningfully invested in our fund. Hence, we invest our money right alongside yours. With a 10 year track record and best in class returns, there’s proof the investment strategy is working.
results.
The Fulcra Credit Opportunities Fund consists of bonds, loans and other fixed income securities (and may hold equity and other equity-like securities). We believe a concentrated portfolio of companies provides the best long-term results. The portfolio is managed to a consistently short duration to avoid the negative effects of interest rate fluctuations.
CUMULATIVE RETURN SINCE INCEPTION (CLASS B UNIT)
PERFORMANCE AS OF AUGUST 31, 2023
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Since Inception* |
|---|---|---|---|---|---|---|---|---|
1M 1.5% | 3M 3.1% | 6M 4.3% | YTD 6.9% | 1Y 5.2% | 3Y* 8.3% | 5Y* 5.0% | 10Y* 6.2% | Since Inception* 7.0% |
1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Since Inception* *Annualized |
