A big, new pool of capital has emerged in Canada. Newfoundland and Labrador Pooled Pension Fund (NLPPF), a C$9 billion pension system, is creating a first-time allocation to private equity and infrastructure with the help of advisor Caledon Capital Management. NLPPF, which oversees the pension assets of government employees, teachers, and other public sector groups […]
TorQuest Partners scored a 5x return on total invested capital in the sale of its interest in Array Marketing to Carlyle Group, representing a 61 percent internal rate of return, TorQuest said. Carlyle earlier this month took a majority stake for an undisclosed amount in Array, a Canadian provider of in-store merchandising systems to high-end cosmetic […]
Mark Jenkins has spent less than a year leading Canada Pension Plan Investment Board’s private investments group. But he has already put his stamp on the job, overseeing the pension system’s acquisition of Antares Capital and its first direct private equity deal since 2013. Jenkins started out big, playing a key role in CPPIB’s $12 billion purchase […]
Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary […]
Deal-making activity in Canada’s venture capital and private equity arena surged in the first half of 2015, driven by a spate of financings in the tech start-up space and large investments in energy assets, data from Thomson Reuters showed this week.
The Caisse de dépôt et placement du Québec plans to commit billions of dollars more to direct deals in the years ahead, signalling a continuing shift in strategy for one of the world’s largest private equity investors.
Chrysalix Energy Venture Capital is approaching a first close on Chrysalix Energy LP IV, which is targeting $150 mln to $250 mln.
A trio of British private equity firms have set their sights on Canadian live performance company Cirque du Soleil, according to a report from U.K. media outlet Sky News.
Public Sector Pension Investment Board (PSP Investments) has named André Bourbonnais, the private equity chief at Canada Pension Plan Investment Board, as its new president and CEO, effective March 30, 2015.
Boston-based HarbourVest Partners is expected to complete an initial close on a new Canadian venture fund of funds before the end of January, said three people with knowledge of the matter.
Two principals with RBC Venture Partners have completed a management buyout of the firm’s investment portfolio and have launched a new Canadian venture firm, Information Venture Partners.
With $60 million in new capital and another acquisition, Hootsuite founder Ryan Holmes predicts company will double its revenue in next 12 months, cites “a lot of interest in an IPO.”
Canadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund (KEP IV), peHUB sister site peHUB Canada has exclusively learned.
Travel almost anywhere in North American PE circles and you’ll encounter people who know and speak highly of Rod Senft, founder and managing director of Tricor Pacific Capital. Now his son Derek is making a name for himself at Pender West Capital.
D-Wave Systems Inc has raised an additional $28.4 million in venture capital financing according to a new filing with the U.S. Securities and Exchange Commission, sister website peHUB Canada reports.
If history repeats, a combination of disclosed and non-disclosed VC financings should put Canadian market activity in Q2 within reach of the $454 million invested in Q2 2013.
Canadian private markets investor Northleaf Capital Partners has wrapped up a new fund earmarked for opportunities in the global private equity secondary market.
This week, Clairvest is expected to announce the first close of CEP V, raising at least 75% of the partnership’s $600 million hard-cap target.