October 16, 2023

Ninepoint Partners Announces Partial Exit of Investments in Flagship Private Credit Strategy

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment managers, and Third Eye Capital Corporation (“TEC” or “Third Eye Capital”), whose affiliate, Third Eye Capital Management Inc., is sub-advisor of the Ninepoint-TEC Private Credit Fund and the Ninepoint-TEC Private Credit Fund II (“the Funds”), today announced the partial realization of secured debt investments made to subsidiaries of Aemetis, Inc. (NASDAQ: AMTX) (“Aemetis” or the “Company”), a renewable fuels company focused on low carbon intensity products.

The Funds will receive approximately US$24 million from the Company’s sale two weeks ago of US$53 million in Inflation Reduction Act (IRA) investment tax credits. The sale is Aemetis’ first transaction involving the IRA tax credits, which were generated from biogas projects built by its subsidiary. The Company said it expects to be able to qualify for more than US$800 million in IRA investment and production tax credits over the next four years.

“This is just the latest in a series of successful liquidity events for the Ninepoint-TEC private credit strategy and follows on the heels of two full loan exits in recent months,” said John Wilson, Ninepoint Managing Partner and co-Chief Executive Officer. “Private credit is increasingly filling an important role in the economy for quality businesses that don’t have access to traditional bank lenders.”

“Aemetis’ groundbreaking transaction is a testament to their innovation and to our strategic guidance, as we help architect capital solutions that propel companies toward a net-zero future. Our extensive track record in sustainability investments isn’t merely a niche; it’s a burgeoning sector that promises robust returns for our investors, tangible benefits for our borrowers, and a sustainable future for all,” said Arif Bhalwani, Chief Executive Officer at Third Eye Capital.


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