Ninepoint Closes $85 Million Flow-Through Partnership, Eyes Resource Fund Roll-Over
Event summary
- Ninepoint Partners LP closed its 2026 Flow-Through Limited Partnership, raising $85 million.
- The partnership sold 150,013 units at $25 per unit, fully subscribing the offering.
- Limited partners will be rolled over into the Ninepoint Resource Fund Class between January 15, 2028, and February 28, 2028.
- Nawojka Wachowiak, previously a portfolio manager specializing in metals and mining at a competitor, will lead the partnership’s investment strategy.
The big picture
Ninepoint’s successful fundraising demonstrates continued demand for specialized, tax-advantaged investment vehicles within the Canadian market. The $85 million raise, while significant, represents a relatively small portion of Ninepoint’s overall $8 billion in AUM, suggesting this is a targeted strategy rather than a core growth driver. The planned roll-over into the Resource Fund indicates a desire to retain capital and potentially leverage the flow-through structure for broader investment opportunities.
What we're watching
- Roll-Over Impact
- The success of the roll-over into the Ninepoint Resource Fund will be a key indicator of investor satisfaction and potential AUM growth for that fund.
- Tax Benefits
- Continued investor appetite for flow-through partnerships hinges on the ongoing attractiveness of the approximately 100% tax deduction offered.
- Performance
- The partnership's performance under Wachowiak's leadership, particularly in the metals and mining sector, will be crucial for attracting future capital and maintaining investor confidence.
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