GenWel Private Lending Fund 4th Quarter 2023 Commentary

February 14, 2024Investment Commentary

Dear Partners,

It is with great pleasure that we present the results of the GenWel Private Lending fund for 2023, our first complete calendar year of operation!  We are proud of the progress that was made this year and would like to thank you for partnering with our Fund.  For Q4 2023, the Fund delivered an annualized IRR (Internal Rate of Return) of 11.35%, closing 2023 with the same exact results for the entire calendar year.  Our confidence is inspired by our underwriting process and cemented with conservative loan-to-value (LTV) ratios on underlying collateral as we carry that momentum into 2024….