Kirk Falconer

Depressed gas prices cut into Endurance’s operating income Endurance engaged BMO Nesbitt Burns to advise on sales process Endurance received protection from creditors in May Canadian natural gas producer Endurance Energy, backed by Warburg Pincus, obtained protection under the Canadian government’s Companies’ Creditors Arrangement Act. Calgary-based Endurance was granted CCAA relief at the end of May. FTI Consulting […]

Penfund targets C$525 mln for Fund V Expected to close above target this summer Park Hill helped raise fund Canadian private debt and equity investor Penfund has banked the C$525 million target set for its fifth mid-market fund and is now raising additional capital for a final close, a person with knowledge of the matter […]

Brookfield beats $3.5 bln target Parent org kicks in $1 bln Most LPs re-upped in Fund IV The private equity group of Brookfield Asset Management has wrapped up its fourth fund, raising $4 billion earmarked for mid-market buyouts, turnarounds and other special situations. Brookfield Capital Partners IV’s total came in 14 percent above the fund’s […]

Fund III was more than 75 pct invested as of March 31 No target indicated yet for Fund IV Fund III shows gross 30 pct return as of March 31 Onex Corp said it is preparing to launch its fourth mid-market private equity fund, now that Oncap III is approaching full investment. In its report of first-quarter 2016 results, […]

Novacap Fund IV closes 11 pct above target New and repeat LPs joined the fund Fundraising helped by successful exits Novacap, one of Canada’s oldest private equity firms, surpassed its target for the final close of Novacap Industries IV, raising the largest partnership in its history. Montréal-based Novacap said Fund IV secured $470 million (US$363 million) […]

The new head of private markets at Canada’s Public Sector Pension Investment Board(PSP Investments) is off to a running start after being quietly hired by the system last fall. Guthrie Stewart, named PSP’s senior vice president and global head of private investments in September, was the pension fund’s point man on last month’s proposed buy of AIG […]

The new head of private markets at Canada’s Public Sector Pension Investment Board (PSP Investments) is off to a running start after being quietly hired by the system last fall. Guthrie Stewart, named PSP’s senior vice president and global head of private investments in September, was the pension fund’s point man on last month’s proposed […]

Newfoundland and Labrador Pooled Pension Fund set a 5 pct allocation target for PE System hires Caledon Capital to guide it into PE and infrastructure Caledon recently hired by Illinois Teachers’ pension to advise on PE A big, new pool of capital has emerged in Canada. Newfoundland and Labrador Pooled Pension Fund (NLPPF), a C$9 billion […]

Newfoundland and Labrador Pooled Pension Fund set a 5 pct allocation target for PE System hires Caledon Capital to guide it into PE and infrastructure Caledon recently hired by Illinois Teachers’ pension to advise on PE A big, new pool of capital has emerged in Canada. Newfoundland and Labrador Pooled Pension Fund (NLPPF), a C$9 […]

TorQuest’s exit of Array Marketing generated a 61 pct IRR Canadian firm held Array more than three years Carlyle invested from its second U.S. middle-market fund 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 […]