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
CAI Capital Partners held initial close for 7th fund, CAI Capital Partners VII, led by Johansson Curtis, Tracey McVicar, Robbie Wildeman with support of Ashton Herriott.
Clairvest Group Inc. launched Clairvest Equity Partners VII with US $1B initial close. CEP VII to be led by Kenneth Rotman and Daniel Cheng with support of Jeffrey Parr, Michael Wagman and James Miller.
ADQ, Bank of Montreal (BMO) to join Great-West Lifeco (GWL) as minority shareholders in Sagard management company. Power Corporation of Canada will remain as controlling shareholder and Paul Desmarais III personally remains as minority shareholder.
Altas Partners final closed third fund, Altas Partners Holdings III (Fund III) at US $4B, led by GPs Andrew J. Sheiner, Scott Werry, Christopher McElhone, and Paul Nicoletti. PJT Partners LP acted as placement agent.
Joelle Faulkner led Area One Farms held additional close for Fund IV, having raised over $110M in three closings since 2021
TriWest Capital Partners held an initial close for its sixth private equity fund, TriWest Capital Partners VI led by Jeff Belford, Chad Danard, Dino DeLuca, Ryan Giles, and Mick MacBean
Onex Corporation and Gerald W. Schwartz proposed changes to sunset provision related Multiple Voting Shares (MVS) for shareholder consideration at the company’s next AGM.
SeaFort Capital Inc. final closed SeaFort Capital Fund II at $189M, including $40M lead commitment from founding Sobey and McCain families and commitments from Export Development Canada (EDC), CIBC, BMO Capital Partners, Jessiman Family Investments Inc., and other investors.
Lisa Melchior led Vertu Ventures/Vertu Capital closed Vertu Partners Fund I with $300M+ commitments from New York State Common Retirement Fund, BDC Capital, BMO Capital Partners, BMO Global Asset Management, CIBC, Export Development Canada, Manulife Investment Management, other asset managers, family offices, and individuals.
Katie Fasken and Erica Publow led August Capital officially launched to connect exceptional private investment managers with trusted network of Canadian institutional capital.
Brent S. Belzberg led TorQuest Partners held initial close for TorQuest Partners Fund VI with $500M in committed capital to main Canadian fund.
Northleaf Capital Partners final closed Northleaf Private Equity Investors VIII with more than US $675M in total committed capital, exceeding original target of US $600M. 73 Canadian investors committed CDN $314M.
Sagard Senior Lending Partners (SSLP) raised US $550M for inaugural senior lending fund from I.G. Investment Management, Ltd., Great-West Lifeco, Investment Management Corporation of Ontario (IMCO), Portland Investment Counsel and others.
PFM Capital held initial close for Apex IV Investment Fund with commitments primary from accredited investors from Saskatchewan.