Any returns referenced are calculated as an IRR using the XIRRfunction in Excel.
Any referenced returns are in relation to an investment strategy adopted by Pier, focused on the alternative credit asset class. The strategy seeks to shorten duration by buying portfolios of loans, or derivatives thereof, by providing loans to loan originators, or by investing in similar opportunistic strategies within the same asset class.
Any specific investment mentioned is not representative of the entire portfolio.
Opinions stated are by any specific individual, not the firm,and are not meant to be statements of fact.
Any comments or sharing of articles that feature other industry participants are intended to provide market color and are not an endorsement of any other entity. Pier may have counterparty or other relationships with certain industry participants and readers can reach out to Pier directly to discuss such relationships in more detail.
Any reference to purchase pricing are not representative of other transaction purchase pricing within the strategy. Pier's strategy purchases portfolios for as little as 0% of outstanding balance and as high as 100% of outstanding balance.
THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY INTERESTS IN ANY FUND MANAGED BY PIER ASSET MANAGEMENT.
POTENTIAL FOR PROFIT IS ACCOMPANIED BY POSSIBILITY OF LOSS.
ANY INVESTMENT DECISION IN ANY FUND MANAGED BY PIER INVOLVES A HIGH DEGREE OF RISK, AND POTENTIAL INVESTORS ARE STRONGLY ENCOURAGED TO SEEK LEGAL COUNSEL AND OTHER PROFESSIONAL ADVICE PRIOR TO MAKING ANY INVESTMENTDECISIONS.
PIER HAS MADE EVERY EFFORT TO USE RELIABLE, COMPREHENSIVE INFORMATION, BUT IT MAKES NO REPRESENTATION THAT THE INFORMATION PRESENTED HEREIN IS WHOLLY COMPLETE OR ACCURATE ANY OPINIONS OR ESTIMATES CONTAINED IN THIS PRESENTATION REPRESENT THE JUDGEMENT OF THE WRITER AT THE TIME THIS PRESENTATION WAS PREPARED AND ARE SUBJECT TO CHANGE WITHOUT NOTICE THEY SHOULD NOT BE CONSIDERED PROMISES OR ADVICE.
THE INVESTMENTS MADE BY FUNDS MANAGED BY PIER ARE NOT FDICINSURED, ARE NOT GUARANTEED, AND MAY LOSE VALUE.
Please Contact Us for more information at ir@pieram.com.
Pier Asset Management LLC is an exempt reporting advisor with the SEC. The reference to Pier Asset Management’s value add and typical deal terms are for illustrative purposes only as a basis for further discussion and subject to change. Final terms set forth in a written agreement will prevail. Loans are not made by Pier Asset Management LLC, and instead are made by separate, related entities. Loans are not made for consumer purposes or secured by real estate, and all loans are made only for commercial purposes to sophisticated borrowers. Full Disclosure.
