UINTA Investment Partners has released a portfolio update for Q3-1021, which covers the period between July 1, 2021- September 30, 2021.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
UINTA Investment Partners has released a portfolio update for Q3-1021, which covers the period between July 1, 2021- September 30, 2021.
According to the release, the preliminary estimate of net return to investors in the Uinta Income Fund LP—the Litigation Finance fund—is 2.11%. This estimate is subject to revision.
Investors of record as of July 1, 2021, will receive a preferred return distribution of 2.5% for Q3. Distribution will be prorated for investors who withdrew or added funds during the quarter.
About 86% of returns generated in Q3 were related to income—with the rest coming from net gains. Payoffs rose to 14.51% of portfolio value, up from 7.33% in Q2 and 2.5% in Q1. This suggests an increase in settlements.
The cash flow increase has led to an accumulation of idle cash. Uinta is actively seeking opportunities to deploy that cash into worthy projects.
