CPE News Brief (4.23.2022) – Waratah Capital Advisors Ltd. has held a second close for Waratah Electrification and Decarbonization (E&D) Fund with total capital commitments over US $105 million.
Limited partner investors are predominantly Canadian high-net-worth individuals and investors from USA and BVI.
Led by Blair Levinsky and Brad Dunkley, Waratah Electrification and Decarbonization (E&D) Fund seeks to achieve attractive risk-adjusted returns through investments in battery material, decarbonization, and electric vehicle related opportunities.
Launched in January 2022, Waratah Electrification and Decarbonization (E&D) Fund made its initial investment in Noram Lithium Corp. (TSX-V: NRM; OTCQB: NRVTF; FSE: N7R).
On February 28, 2022, Waratah Electrification and Decarbonization (E&D) Fund together with Waratah managed Lithium Royalty Corp. invested US $8.5 million in Noram Lithium, as part of US $9 million private placement which also included US $0.5 million investment by Warren Road Capital Corporation.
Founded by Levinsky and Dunkley, Toronto based Waratah Capital Advisors is an asset manager that specializes in alternative strategies. Waratah Capital Advisors manages over CDN $3 billion in assets from high-net-worth individuals, family offices, foundations, Canadian bank platforms, and pension funds.
photo credit: Waratah Capital Advisors