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.
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.
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 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 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.
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+.
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.
Waterous Energy Fund held initial close for its 3rd flagship fund, Waterous Energy Fund III, with close to $1 billion in total capital commitments.
Ardian acquired a US $2.1B portfolio of limited partnership interests in 20 private equity funds from CPP Investments.
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, 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 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