Imperial Capital backed AltEx Capital holds initial close of inaugural fund

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By Ted Liu

AltEx Capital, a newly formed investment fund that provides alternative asset strategies to high net worth and institutional investors, has held an initial closing for its inaugural fund.

AltEx Capital is backed by Imperial Capital, a Toronto based mid-market private equity firm.

Controlled by the managing partners of Imperial Capital, Jeff Rosenthal and Justin MacCormack, the investment manager is being led by Managing Director Thomas Choi. Choi joined AltEx Capital from Scotiabank, where he was a Director. Choi has over 15 years of experience in capital markets and investing, with a particular focus on private equity investments.

The forming of AltEx Capital fund seems to be a natural extension of Imperial Capital. Majority of the limited partners in Imperial Capital funds are high net worth investors.

photo credit: AltEx Capital