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Mackenzie, Northleaf launch new Canadian retail PE fund

Mackenzie Investments has partnered with Northleaf Capital Partners to create a new fund that will give Canadian retail accredited investors more access to private equity.

Mackenzie Investments has partnered with Northleaf Capital Partners to create a new fund that will give Canadian retail accredited investors more access to private equity. Mackenzie Northleaf Global Private Equity Fund seeks to achieve long term capital appreciation through exposure to funds within Northleaf’s global private equity program. The minimum investment is $25,000.

PRESS RELEASE

TORONTO, May 10, 2022 – Mackenzie Investments (“Mackenzie”) today announced the launch of Mackenzie Northleaf Global Private Equity Fund (“the Fund”), in partnership with Northleaf Capital Partners (“Northleaf”), further expanding the accessibility of alternative investments to Canadian retail accredited investors.

The Fund seeks to achieve long term capital appreciation primarily through exposure to funds within Northleaf’s global private equity program, which has been successfully investing in private equity for more than 20 years. Over time it will invest approximately 75-80 per cent of assets into institutional private equity funds which invest across a spectrum of global mid-market private equity investments that offer high growth potential, including access to diversified portfolios of privately owned and managed companies through a combination of primary fund investments, secondary investments and direct investments. To facilitate liquidity, the Fund’s remaining assets will be invested primarily in Mackenzie Private Equity Replication Fund.

“The Fund enables retail investors to expand their investment universe beyond publicly-traded equities,” said Michael Schnitman, Head of Alternatives, Mackenzie Investments. “The number of privately held companies far exceeds that of public companies and therefore represents a broader opportunity set that has largely been accessible only to institutional investors. We believe access to institutional quality private equity can help strengthen investor portfolios.”

The Fund’s structure represents an attractive offering to eligible retail investors and includes the following features:
Monthly valuations;
a $25,000 investment minimum;
investments are not locked for a certain period of time (no hard lock up)1;
monthly purchase frequency; and
semi-annual redemption frequency1

“This new offering presents retail investors with an exceptional opportunity to diversify their portfolios, as private equity accounts for the largest share of the private market investment space with an impressive history of strong, risk-adjusted returns,” concluded Mr. Schnitman.

The launch of the Fund represents the fourth private markets offering delivered through the Mackenzie Northleaf strategic partnership. Other funds include Mackenzie Northleaf Private Credit Interval Fund, Mackenzie Northleaf Private Credit Fund and Mackenzie Northleaf Private Infrastructure Fund.

About Mackenzie Investments
Mackenzie Investments is a leading investment management firm with $197.1 billion in assets under management as of April 30, 2022. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada’s premier financial services companies. For more information, visit mackenzieinvestments.com.