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Fiera Comox Launches New International Private Credit Strategy
Fiera Comox Launches New International Private Credit Strategy Canada NewsWire M...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Comox Launches New International Private Credit Strategy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, July 9, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN The UNITED STATES/\nMid-market U.S. and European strategy targeting $600 million in AUM over the next two years$80 million of initial commitments from Fiera Capital and two cornerstone investors\n MONTRÉAL, July 9, 2020 /CNW Telbec/ - Fiera Comox (\"Fiera Comox\"), a global private investment firm with $830 million in AUM as of March 31, 2020 and an affiliate of Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\"), is proud to announce the official launch of its new Fiera Comox Private Credit Strategy (the \"Strategy\"). Complementing Fiera Comox's private equity and agriculture strategies, the Strategy offers investors compelling private credit investment opportunities across the U.S. and Europe. \n\n \n \n \n \n \n \n\n \nThe Strategy has been designed to be flexible and capitalize on shifts in the investment landscape to deliver attractive returns through changing economic cycles. With global market pressures expected to persist, the Strategy represents an opportunity of choice for investors as more mid-market companies require capital to grow and operate in the current environment. \nInitial seed capital was provided by Fiera Capital, which has one of the largest non-bank private debt platforms in Canada. Furthermore, the Strategy is complementary to Fiera Capital's existing eight private credit strategies that invest in Canada and Asia.\nTo develop and launch this new strategy, Fiera Comox brought in Mathieu Desforges and Maxime Dorais, from the Caisse de dépôt et placement du Québec (\"CDPQ\"), one of Canada's largest pension funds. While at CDPQ, together they grew the Junior and Opportunistic Credit strategy into an over $3 billion private credit portfolio from 2013 to 2019. This highly seasoned investment team has managed assets through...