Carpathian Capital Management’s (CCM) Lending Fund (CCMF1) posted another quarter of growth. Lifetime returns of the fund continue to outpace the S&P and US Corporate High Yield Total Return Index despite mortgage rates increasing in the past two quarters and a slowdown in demand in the housing market.
Class A shares showed a 5.9% IRR and Class B shares showed a 7.2% IRR. This leaves Year to Date returns at 9.8% and 9.6% respectively. Despite the slight decrease in returns both share classes outperformed the funds average yearly returns.
For information on investing in any of our funds, please email email@example.com.