Northline Direct Lending joins the Ledgemont alternatives shelf
Sponsor-backed senior lending; qualified purchasers; $250,000 minimum through the Ledgemont feeder.
FCN Wealth · Home
View as
JE
From the CIO
new today⋮⋮Shareable to clients with your note · 113 FCs have watched
New model portfolio
created today⋮⋮Created by you · 9:14 AM · 50 / 30 / 20
Fixed income 50%Equity 30%Alternatives 20%
FCN AI found 11 households that fit
Fund Shelf
2 flagged⋮⋮Meridian Harbor Credit OppsPrivate credit · +11.8% YTD
Northline Direct LendingPrivate credit · new to shelf
Thornbury Global MacroMacro · +6.9% YTD
Ledgemont Private MarketsEvergreen PE · $50k min
My Book
64 households⋮⋮| Household | AUM | Alts |
|---|---|---|
| Hartwell Family Trust | $48.2M | 18% |
| Brennan Holdings LLC | $31.0M | 22% |
| Whitcomb Foundation | $22.8M | 15% |
| Mehta Household fits model | $12.6M | 9% |
News Feed
Ledgemont + managers + wires⋮⋮Ledgemont adds Northline Direct Lending to the shelfLedgemont · 1h ago
Meridian Harbor: Q3 Investor UpdateManager · yesterday · on shelf
Fed signals patience as inflation coolsReuters · 3h ago
Wealth firms push alternatives to the mass affluentBloomberg · yesterday
Chats
2 unread⋮⋮NC
Alternatives deskNorthline is live on the shelf, QP only for now
MH
Meridian Harbor · wholesalerHappy to join your Hartwell review
AI
FCN AI11 households fit your new model
Households
64
$386M AUM
Alternatives
14%
book average · model 20%
Qualified purchasers
19
eligible for full shelf
Client views this week
23
CIO clip + fund pages
| Household | AUM | Alts | Eligibility | Recent activity | Interest |
|---|---|---|---|---|---|
| Hartwell Family Trustreview Oct 28 | $48,200,000 | 18% | Qualified purchaser | Watched CIO clip · opened Meridian tear sheet | Meridian Harbor Credit |
| Brennan Holdings LLC | $31,000,000 | 22% | Qualified purchaser | Viewed Thornbury profile | Thornbury Macro |
| Whitcomb Foundation | $22,800,000 | 15% | Qualified purchaser | — | — |
| Mehta Householdfits new model | $12,600,000 | 9% | Qualified purchaser | Watched CIO clip twice | — |
| Okonkwo Family | $9,700,000 | 11% | Accredited | Read Ledgemont outlook | — |
| Delgado, Sofia | $6,400,000 | 5% | Accredited | Opened Private Markets one-pager | Ledgemont Private Markets |
Meridian Harbor Credit Opportunities
+11.8% YTD- Strategy
- Private credit · asset-backed
- Access
- Ledgemont feeder · $100k min
- Liquidity
- Quarterly
- Eligibility
- Accredited
142 FCs and 3 institutions interested
Northline Direct Lending
new- Strategy
- Private credit · sponsor lending
- Access
- Ledgemont feeder · $250k min
- Liquidity
- Quarterly, 5% gate
- Eligibility
- Qualified purchaser
38 FCs and 1 institution interested
Thornbury Global Macro
+6.9% YTD- Strategy
- Discretionary global macro
- Access
- Ledgemont feeder · $250k min
- Liquidity
- Monthly
- Eligibility
- Qualified purchaser
61 FCs interested
Ledgemont Private Markets Fund
+8.1% YTD- Strategy
- Evergreen private equity
- Access
- Direct · $50k min
- Liquidity
- Quarterly, 5% gate
- Eligibility
- Accredited
96 FCs interested
Granite Arch Real Assets II
13.4% IRR · Fund I- Strategy
- Logistics + infrastructure
- Access
- Drawdown · $250k min
- Liquidity
- 10-year fund
- Eligibility
- Qualified purchaser
22 FCs and 2 institutions interested
Alderwood Equity Long/Short
+9.2% YTD- Strategy
- Low-net equity L/S
- Access
- Ledgemont feeder · $100k min
- Liquidity
- Monthly
- Eligibility
- Accredited
27 FCs interested
Meridian Harbor Liquid Digital
+22.3% YTD- Strategy
- Liquid digital assets L/S
- Access
- Ledgemont feeder · $250k min
- Liquidity
- Monthly
- Eligibility
- QP · home office approval
19 FCs interested
Lakeview Income + Alternatives
created today 9:14 AMby Jordan Ellis| Sleeve | Holding | Weight |
|---|---|---|
| Fixed income | Ledgemont Core Plus SMA | 50% |
| Equity | Ledgemont Global Equity SMA | 30% |
| Alternatives | Meridian Harbor Credit Opportunities | 8% |
| Thornbury Global Macro | 5% | |
| Granite Arch Real Assets II | 4% | |
| Ledgemont Private Markets Fund | 3% |
Target yield
5.6%
Est. volatility
7.2%
Min. investor
QP
Share link
ledgemont.example/m/lakeview-income-alts
House models
Ledgemont Balanced Growth60/30/10 · 1,240 accounts
Ledgemont Endowment Style45/25/30 · QP only · 310 accounts
Ledgemont Conservative Income70/25/5 · 2,080 accounts
| Document | Fund | Type | Client-approved | Updated |
|---|---|---|---|---|
PDF Due Diligence Memo · Northline Direct Lending | Northline | Home office research | Internal only | Today |
PDF Tear Sheet · September 2026 | Meridian Harbor Credit | Manager | yes | Oct 14 |
PDF Q4 2026 Investment Outlook | Ledgemont CIO Office | Research | yes | Oct 20 |
PDF Subscription Docs · Ledgemont Private Markets | Ledgemont Private Markets | Offering | yes | Sep 30 |
From the CIO
new today⋮⋮Relevant to your Nov 18 agenda item: +$20M to private credit
Our Portfolio
+9.7%⋮⋮$513,440,000
Ledgemont-advised · invested $468,000,000
| Alternatives | P&L |
|---|---|
| Meridian Harbor Credit | +$3,600,000 |
| Thornbury Global Macro | +$1,300,000 |
| Granite Arch II | +$540,000 |
Investment Committee
Nov 18⋮⋮Add $20M to private creditLedgemont recommendation · 2 candidates
Q3 performance reviewBook posted · 42 pages
Spending policy check4.5% target · on track
Candidates for Nov 18
⋮⋮Meridian Harbor Credit OppsTop-up · existing manager
Northline Direct LendingNew manager · sponsor lending
News Feed
⋮⋮Ledgemont Q4 Investment OutlookLedgemont · Oct 20
Meridian Harbor: Q3 Investor UpdateManager · yesterday · you hold
Hospital systems lean on endowments as margins tightenBloomberg · 2d ago
Your Ledgemont Team
1 unread⋮⋮TM
Theo Marsh · Institutional ConsultingNorthline DD memo is in your IC folder
AI
FCN AIIC book summary ready
Invested
$468,000,000
Current value
$513,440,000
P&L
+$45,440,000
+9.7%
Alternatives
11.3%
policy target 15%
| Holding | Asset class | Invested | Current value | P&L | Return |
|---|---|---|---|---|---|
| Ledgemont Global Equity SMA | Equity | $230,000,000 | $268,000,000 | +$38,000,000 | +16.5% |
| Ledgemont Core Plus SMA | Fixed income | $170,000,000 | $172,000,000 | +$2,000,000 | +1.2% |
| Meridian Harbor Credit Opportunities | Private credit | $25,000,000 | $28,600,000 | +$3,600,000 | +14.4% |
| Thornbury Global Macro | Hedge fund | $20,000,000 | $21,300,000 | +$1,300,000 | +6.5% |
| Granite Arch Real Assets II$15,000,000 commitment · 60% called | Real assets | $9,000,000 | $9,540,000 | +$540,000 | +6.0% |
| Cash | Cash | $14,000,000 | $14,000,000 | $0 | — |
| Total | $468,000,000 | $513,440,000 | +$45,440,000 | +9.7% |
Agenda
1 · Q3 performance reviewPortfolio +9.7% since inception; alternatives at 11.3% vs 15% target
2 · Recommendation: add $20M to private creditCloses most of the gap to target; two candidates below
3 · Spending policy4.5% on a 12-quarter average · on track
4 · Manager watch listNo changes
Private credit candidates
| Meridian Harbor Credit | Northline Direct Lending | |
|---|---|---|
| Type | Top-up, existing | New manager |
| Strategy | Asset-backed | Sponsor-backed |
| Net return (3y) | 11.3% | 10.1% |
| Liquidity | Quarterly | Quarterly, 5% gate |
| Fees | 1.25 / 15 | 1.0 / 12.5 |
| Interest |
Materials
PDF
IC Book · Q3 202642 pages · posted Oct 21
PDF
Private Credit Recommendation MemoLedgemont Institutional Consulting · 9 pages
PDF
Northline Direct Lending · DD memoLedgemont home office research
| Document | Type | Date | |
|---|---|---|---|
PDF Q3 2026 Consolidated Statement | Statement | Oct 20 | |
PDF IC Book · Q3 2026 | Committee | Oct 21 | |
PDF Capital Call · Granite Arch II$1,500,000 due Nov 6 | Capital call | Oct 19 | |
PDF Q4 2026 Investment Outlook | Research | Oct 20 |
Ledgemont · 1h
Ledgemont · 2h
CIO Margaret Hale on CNBC: "Private credit is becoming core"
Six minutes on why the firm is raising its alternatives allocation in house models.
Reuters · 3h
Fed signals patience as inflation cools for a third month
Futures price one cut by March; front-end yields slip.
Meridian Harbor · 1d
Q3 Investor Update: asset-backed lending carried the quarter
Credit Opportunities +4.7% in Q3. Available to Ledgemont clients through the feeder.
Bloomberg · 1d
Wealth firms push alternatives to the mass affluent
Evergreen funds with low minimums are the fastest-growing product in US wealth channels.
Thornbury · 2d
"Rates volatility is the trade into 2027"
Thornbury's CIO on positioning after a flat Q3.
Why you see this
The feed blends Ledgemont research and news, managers on the shelf, and Reuters and Bloomberg, tuned to what you hold and what you've flagged.
TV
▶
06:12CIO on CNBC: "Private credit is becoming core"Margaret Hale · today · 113 FCs watched
▶
38:40Q4 Investment Outlook webinarCIO Office · Oct 20
▶
22:05The Ledgemont Minute · Ep. 41Weekly CIO podcast
▶
14:22Meridian Harbor · Q3 Investor UpdateManager video · on shelf
▶
09:30Northline Direct Lending · meet the teamManager video · new to shelf
▶
05:48CIO on CNBC: "Cash is not a plan"Margaret Hale · Sep 12
Who Looked at What · today
412⋮⋮JE
Jordan Ellis · MidwestCreated model · flagged Meridian, Thornbury
AR
Ana Ruiz · Columbia Basin (inst.)Opened Northline DD memo
KS
Kara Simmons · NortheastWatched CIO clip · shared to 14 clients
HF
Hartwell Family Trust (client)Opened Meridian tear sheet via Jordan
Interest flags · this week
187⋮⋮CIO clip reach
today⋮⋮113
of 177 FCs + consultants watched · shared to 1,380 clients · 612 client views
FC model portfolios
⋮⋮Lakeview Income + AlternativesJordan Ellis · today · 20% alts · pending review
reviewHarbor Point Growth + PEKara Simmons · Oct 19 · 46 accounts
Desert Sun IncomeMiguel Reyes · Oct 12 · 22 accounts
Sales teams · engagement
⋮⋮| Team | Active FCs | Flags |
|---|---|---|
| Midwest Private Wealth | 34 / 38 | 61 |
| Northeast Private Wealth | 41 / 52 | 59 |
| West Coast Private Wealth | 27 / 44 | 39 |
| Southeast Private Wealth | 12 / 31 | 15 |
| Institutional Consulting | 11 / 12 | 13 |
Shelf flow · Q4 to date
⋮⋮Subscriptions
$84,600,000
Flag → subscribe
23%
Meridian Harbor Credit leads with $31,200,000 from 58 households and 1 institution
Today
412
named actions
Active FCs
125
of 177 this week
Client views
612
via FC shares today
Institutions
9
active this week
FCN AI read the log: Southeast is lagging. Only 31% of its FCs watched today's CIO clip and it has 15 flags, against 61 from Midwest. In Midwest, Jordan Ellis's new model put Meridian Harbor in front of 11 households within an hour.
| Sales team | FCs | Active this week | Fund page views | CIO clip views | Client views | Interest flags | Top fund |
|---|---|---|---|---|---|---|---|
| Midwest Private Wealth | 38 | 34 | 286 | 32 | 241 | 61 | Meridian Harbor Credit |
| Northeast Private Wealth | 52 | 41 | 318 | 37 | 204 | 59 | Ledgemont Private Markets |
| West Coast Private Wealth | 44 | 27 | 172 | 23 | 121 | 39 | Northline Direct Lending |
| Southeast Private Wealth | 31 | 12 | 64 | 10 | 31 | 15 | Meridian Harbor Credit |
| Institutional Consulting | 12 | 11 | 93 | 11 | 15 | 13 | Northline Direct Lending |
| Financial consultant | Team | Households | Views | Shares to clients | Client opens | Flagged |
|---|---|---|---|---|---|---|
| Jordan EllisLakeview Group | Midwest | 64 | 27 | 18 | 23 | Meridian Credit, Thornbury |
| Kara SimmonsHarbor Point Group | Northeast | 88 | 31 | 14 | 19 | Private Markets, Northline |
| Miguel ReyesDesert Sun Partners | West Coast | 52 | 19 | 9 | 11 | Northline |
| Theo MarshInstitutional | Inst. Consulting | 14 inst. | 22 | 6 | 8 | Northline, Granite Arch |
| Dwayne PorterMagnolia Group | Southeast | 71 | 2 | 0 | 0 | — |
| When | Who | Role | Team / FC | Content | Action |
|---|---|---|---|---|---|
| 10:48 | Hartwell Family Trust | Client | Jordan Ellis · Midwest | Meridian Harbor Credit tear sheet | Opened from FC share |
| 10:32 | Ana Ruiz | Institution | Theo Marsh · Inst. Consulting | Northline DD memo | Opened · 11 min |
| 10:15 | Kara Simmons | FC | Northeast | CIO on CNBC | Watched · shared to 14 clients |
| 09:14 | Jordan Ellis | FC | Midwest | Lakeview Income + Alternatives | Created model |
| 09:02 | Jordan Ellis | FC | Midwest | Meridian Harbor Credit | Flagged interested |
| 08:40 | Mehta Household | Client | Jordan Ellis · Midwest | CIO on CNBC | Watched · 2nd time |
| Fund | Midwest | Northeast | West Coast | Southeast | Inst. | Total |
|---|---|---|---|---|---|---|
| Meridian Harbor Credit Opportunities | 22 | 16 | 8 | 5 | 3 | 54 |
| Ledgemont Private Markets | 11 | 19 | 8 | 3 | 0 | 41 |
| Northline Direct Lending new | 8 | 9 | 13 | 2 | 6 | 38 |
| Thornbury Global Macro | 10 | 6 | 4 | 2 | 2 | 24 |
| Granite Arch Real Assets II | 4 | 4 | 2 | 0 | 2 | 12 |
| Alderwood Equity Long/Short | 3 | 3 | 2 | 2 | 0 | 10 |
| Meridian Harbor Liquid Digital | 3 | 2 | 2 | 1 | 0 | 8 |
Latest flags
JE
Jordan Ellis · MidwestMeridian Harbor Credit + Thornbury · for Hartwell, Brennan · 9:02 AM
AR
Columbia Basin Health Fdn · Ana RuizMeridian Harbor Credit · IC candidate · yesterday
KS
Kara Simmons · NortheastNorthline Direct Lending · yesterday
| Content | Published | FC views | Shared to clients | Client views | Strongest team | Weakest team |
|---|---|---|---|---|---|---|
| CIO on CNBC: "Private credit is becoming core"TV clip · 06:12 · landing page | Today | 113 | 1,380 | 612 | Midwest 84% | Southeast 31% |
| Q4 Investment OutlookWebinar + PDF | Oct 20 | 166 | 2,940 | 1,108 | Northeast | Southeast |
| Northline Direct Lending · DD memoInternal research | Today | 58 | — | — | West Coast | Southeast |
| The Ledgemont Minute · Ep. 41Podcast | Oct 19 | 97 | 640 | 233 | Midwest | West Coast |
Teams · platform engagement
Share of FCs active on the platform this week
FC models awaiting review
1JE
Lakeview Income + AlternativesJordan Ellis · 50/30/20 · 11 households proposed