PE Funds

TriWest and Manitoba First Fund launch TriWest Opportunities Fund Manitoba

CPE News

TriWest Capital Partners and Manitoba First Fund (MFF) launched TriWest Opportunities Fund Manitoba with Gary Coleman leading as Senior Director. TriWest became 2nd fund manager, following Westcap Mgt. Ltd., to receive MFF funding to establish Winnipeg based investment fund.

Northleaf final closes Growth Fund at US $212M

CPE News

Northleaf Capital Partners held final close for Northleaf Growth Fund (Canada) LP with US $212M in total committed capital from Mackenzie Financial Corporation and others. Torys LLP acted as legal counsel to Northleaf.

Fiera Private Debt holds $350M initial close for Fund VII

CPE News

John Valentini, Theresa Shutt and Paul Colatrella led Fiera Private Debt held initial close for 7th private credit fund, Fiera Private Debt Fund VII with $350M through a closed-end fund and a separately managed account.

Brookfield Global Transition Fund initial closes at US $10B

Ted Liu

Mark Carney and Connor Teskey headed Brookfield Global Transition Fund II held US $10 billion initial close inclusive of commitments and strategic capital from investors.

Norea Capital launches new $300M Fund II

Ted Liu

Norea Capital launched $300M PE fund, Capital Norea II, with commitments from Groupe Familles d'Affaires Invest L.P., Investissement Québec, National Bank and other investors. Led by Luc Ménard, Norea Capital team includes partners, Paul Corriveau, François Duchesneau, Pierre-Luc Lapointe, Anne-Marie Piette, and Moses Bendayan.

AGF to acquire majority of Kensington Capital Partners

Ted Liu

AGF Private Capital, AGF Management Limited's private markets business, to acquire majority of Kensington Capital Partners Limited. Kensington’s senior managing directors, Tom Kennedy, Richard Nathan and Eamonn McConnell, will continue to manage Kensington, working closely with Ash Lawrence, Head of AGF Private Capital.

TorQuest Partners final closes TorQuest Partners Fund VI at $2.1B+

Ted Liu

Brent S. Belzberg led TorQuest Partners held final close for TorQuest Partners Fund VI with $2.1B in committed capital from external investors including Export Development Canada (EDC) with commitment of $50M+.

ALTÉRRA commits up to US $3B into two Brookfield climate initiative funds

Ted Liu

UAE's ALTÉRRA committed up to US $3B to Brookfield Catalytic Transition Fund ($1B) and Brookfield Global Transition Fund II ($2B). Brookfield Asset Management expects to deploy $20B in climate Initiatives.

Kinvest Venture Partners holds US $3.15M initial close for Capstone Kinvest Impact Fund I

Ted Liu

Ray Sawatsky, Jesse Ratichek, Reg Allatt led Kinvest Venture Partners, in partnership with Capstone Asset Management Inc., held US $3.15M initial closing of the Capstone Kinvest Impact Fund 1.

Area One Farms hulls in $40M+ for Fund IV

Ted Liu

Area One Farms raised over $40M for Area One Farms Limited Partnership IV so far in November from LP investors from Canada, Japan, Hong Kong, United Arab Emirates and United States.

Waterous Energy Fund holds initial close for Fund III

Ted Liu

Waterous Energy Fund held initial close for its 3rd flagship fund, Waterous Energy Fund III, with close to $1 billion in total capital commitments.

CPP Investments sells 20 LP fund interests to Ardian

Ted Liu

Ardian acquired a US $2.1B portfolio of limited partnership interests in 20 private equity funds from CPP Investments.

Whitehorse Liquidity Partners lanches Fund VI

Ted Liu

Yann Robard led Whitehorse Liquidity Partners launched flagship Fund VI, seeking US $6B, its largest fund yet.

DNA Capital upsizes inaugural fund to over $120M

Ted Liu

Daniel Labrecque led DNA Capital held additional closing for DNA Continuity Fund I, L.P. with aggregate capital commitments of over $120 million.

Brookfield final closes Brookfield Capital Partners VI at US $12B

CPE News

Brookfield Asset Management Ltd. held final close for Brookfield Capital Partners VI with US $12B in total committed capital, with US $3.5B from Brookfield. Summit Trail Securities, LLC and several Brookfield affiliates acted as placement agents.

ATB Private Equity launches 2nd $50M PE fund

Ted Liu

ATB Private Equity, private equity investment arm of ATB Financial, launched 2nd $50M PE fund. The fund will continue to be led by Terry Freeman, Head of Investments, and Jan Cerny, Managing Director, with support of Nataliya Kovalenko and Steve Dobbin.

CPP Investments commits additional $200M to Northleaf PE fund

CPE News

CPP Investments committed $200M to an evergreen Canadian mid-market mandate managed by Northleaf Capital Partners, bringing total Canadian private equity investments managed by Northleaf to $2.4B

ONCAP V holds 2nd close

Ted Liu

ONCAP Management Partners L.P. held 2nd close for ONCAP V which will be led by Managing Partner Michael Lay and David Copeland of Onex.

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