2016-10-31
Funds
Fengate closes $1.1B Infrastructure Fund III
Fengate Asset Management final closed Fengate Core Infrastructure Fund III and affiliated vehicles with $1.1B in capital commitments, exceeding $750M target and $1B intial hard cap
TA Associates closes TA XIII at US $8.5B hard cap
TA Associates final closed TA XIII at its hard cap of US $8.5B. British Columbia Investment Management Corporation (BCI) led Canadian LPs committed US $280M
PFM Capital holds second close for Apex III Investment Fund
PFM Capital held second close for Apex III Investment Fund Limited Partnership with total capital commitments over $91 million.
Pender Growth Fund closes $15M short-form prospectus offering
Pender Growth Fund Inc. (TSX-V: PTF) closed $15M short-form prospectus offering led by PI Financial Inc.
Deals
Penfund invests additional US $9.8M in Leonard Green’s Mister Car Wash
Penfund Capital Fund V invested US $9.8 million in Mister Car Wash, part of a new US $225 million second lien credit facility
People
Éric Phaneuf named CEO of Walter Capital Partners
Éric Phaneuf, Managing Partner of Walter Capital Partners, assumed the position of President and Chief Executive Officer
Sponsored Contents
Open Banking: what’s really at stake – by Richard Remillard
“Can Canada build such a national project when it is having such difficulty getting national projects for the 20th century economy off the ground, out of the ground and out to market?”
Analysis
Owen Bird and Norton Rose Fulbright leading law firms in deal number and total deal value
92 law firms worked on 525 financings with total deal value of $14.76B in Q1. Owen Bird Law Corporation Norton Rose Fulbright Canada LLP led in deal numbers and total deal value
Canaccord and Greybrook leading Investment Dealer and EMD in exempt fees earned
Canaccord Genuity Corp. and Greybrook Securities Inc. the leading investment dealer and EMD respectively in Q1 exempt financing fees earned.
US investors leading Canadian venture capital investors in Q1 2019
Q1 2019 Canada VC Results highlight: US investors accounted for 53% of total disbursement, Ontario companies received lion’s share (63%) of disbursements
Cannabis financing Series 4: US investors largest cannabis funders
US investors invested $6.03 billion, accounting for 61% of $10 billion disclosed cannabis investments, almost doubling of the total amount by Canadian investors ($3.1 billion)
