The outstanding performance for Lexerd’s High Yield Fund I has surpassed S&P 500 returns and delivered not only a 2.27 times value appreciation of the initial investment, but also cumulative distributions of 62% since inception
l Lord III and his team at the Lexerd Capital Management has delivered outstanding returns for the first High Yield Capital Fund I. Since 2011, the fund has invested $6.26Million in income producing multifamily assets and as of March 31, 2018 the fund has made 62%cumulative distributions to investors. Moreover, since inception the value of the fund has appreciated by 2.27 time the initial fund investment (227%). Taken together the total implied return for the initial investment produced 289% returns while the S&P500 during the same period had a return of 120.3%.
Multiple Calculation for LCM High Yield Fund I
(as of March 31, 2018)
| Initial Capital | $6,261,499.35 |
| Value of Assets | $59,821,263.00 |
| Loan Balance | $45,594.910.00 |
| Net Fund Value | 14,226,353.00 |
| Implied Multiple | 2.27 |
Since Inception
| Annual fund distribution | 8% |
| Cumulative distributions | 62% |
| Fund IRR | 26.9% |