Michael Steepe

March 22, 2025

Steepe & Co Invited to Close the TSX Market

Natasha Karfell, Director of Operations at Steepe & Co, was invited as a supporter of CAASA.

James Burron, Co-Founder and Partner, The Canadian Association of Alternative Strategies & Assets ("CASA"), and his team joined Robert Tasca, Managing Director, Derivatives Products and Services, Toronto Stock Exchange ("TSX"), to close the market. The Canadian Association of Alternative Strategies & Assets is Canada's largest association representing the alternative investment industry in Canada with 375 members globally. Its membership and activities span all alternatives from hedge funds and venture capital to real estate and cryptocurrencies. Founded in 2018, CASA's mission is to bring Canada to the world and the world to Canada by promoting information sharing, networking, and collaborative initiatives between its members and the industry at large.

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Private Credit

Why Understanding Defaults is Crucial in Private Mortgage Funds

Defaults. It’s the word that often sends a chill down the spine of investors. But here’s the thing—defaults aren’t inherently bad, and in private mortgage funds, they’re often misunderstood.

Michael Steepe

March 22, 2025

Private Credit

The Discipline Behind Private Mortgage Fund Success

When it comes to managing private mortgage funds, the most critical skill isn’t chasing returns—it’s exercising discipline. This is especially true when assessing risk.

Michael Steepe

March 22, 2025

Private Credit

Stressed and Distressed Markets: Opportunities Amid Economic Uncertainty

When it comes to private credit, the U.S. lower middle market offers a significant yet often overlooked opportunity. Here’s why this segment is so compelling for lenders and investors alike.

Michael Steepe

March 22, 2025

Private Credit

Is 2025 the Year of Private Credit Transformation in Canada?

Canada's private credit market is on the brink of transformation. With U.S. and European private credit managers entering the scene, we’re seeing a shake-up that’s creating new opportunities—and challenges—for advisors. Here’s why this matters and how you can stay ahead in 2025.

Michael Steepe

March 22, 2025

Private Credit

Canada vs. the U.S.: Why the Rules of the Game Are Different for Private Mortgage Funds

One key difference? In Canada, lenders are restricted from charging higher interest rates or fees on defaulted loans unless they can document specific expenses. This limits what can be recovered, even in complex or high-risk loans. In contrast, the U.S. allows private lenders to implement “default rates” of interest—often around 24% annually—which compensates investors for taking on higher risk and helps maintain fund stability.

Michael Steepe

March 22, 2025

Private Credit

Defaults Aren’t Always Defaults: The Hidden Truth Behind Loan Modifications

When most people think of a default, they picture a borrower missing payments and a red flag waving over the loan. But in private mortgage funds, it’s rarely that straightforward. Understanding defaults—and what they’re not—can make or break your investment decisions.

Michael Steepe

March 22, 2025

Private Credit

Understanding Defaults in Private Mortgage Funds: Asking if there are any defaults is not the proper question!

One of the biggest misconceptions about private mortgage funds is that defaults are somehow a reflection of the risk within a mortgage portfolio—they’re not.

Michael Steepe

March 22, 2025

Private Credit

Private Credit Growth in Canada: Opportunities and Risks

The private credit space in Canada is on the rise, but there’s still a big gap compared to what we see in the U.S. and Europe

Michael Steepe

March 22, 2025

Private Credit

The Role of Transparency in Private Mortgage Funds: Why It Matters

When it comes to private mortgage funds, transparency is everything. As someone who’s been in this business for nearly two decades, I’ve seen how the lack of clear communication around fees and structures can lead to confusion—and worse, poor investment decisions

Michael Steepe

March 22, 2025

Private Credit

Four Essential Tips for Navigating Private Credit

In today’s financial world, private credit is a growing space, but it’s not without its risks. If you’re an advisor, there are four things you should always keep in mind when looking at private funds.

Michael Steepe

March 22, 2025

Private Credit

Demystifying Private Mortgage Funds: What Every Investor Should Know About Fees and Liquidity

Private mortgage funds can be an excellent way to generate income, but understanding the impact of fees and liquidity is crucial.

Michael Steepe

March 22, 2025

Private Credit

Why US Credit Now - Webinar

U.S. Bridge Loan Fund & Keystone National – Group Webinar

Michael Steepe

March 22, 2025

Private Credit