Ninepoint’s Fund Collapse Puts Cory Mills & PACEM Under the Microscope
- Jun 15
- 1 min read
Ninepoint’s private debt troubles now put a sharper spotlight on Cory Mills and PACEM, with Mills identified as the largest borrower in the Ninepoint-Waygar fund — a fund Ninepoint is now terminating after years of poor performance.
Three years after concerns were first raised, Ninepoint told investors it would wind down the fund, saying the decision was made “in the best interest of all unitholders.” As part of that move, Ninepoint also ended its relationship with Waygar Capital, and it remains unclear how long liquidation will take.
The Mills/PACEM connection is especially significant because Ninepoint investor capital was used to fund research and development while Mills now faces growing scrutiny over his finances, financial disclosures, and business dealings. Mills is under investigation by the U.S. House Ethics Committee involving his financial disclosures and points to a broader pattern of controversies surrounding him, including the recent sextortion accusation from Miss United States.
The collapse of the Ninepoint-Waygar fund raises a serious question: how did investor money end up so deeply tied to Cory Mills and PACEM — just as Mills faces mounting ethics, financial disclosure, and personal scandal allegations?
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