For Immediate Release – Press Release, May 10, 2016
The Private Capital Markets Association of Canada (PCMA) is pleased to announce the 5th Annual Private Capital Markets Conference (the 2016 PCMA Conference) and PCMA Awards ceremony taking place on May 9th, 2016 at the Toronto Board of Trade.
The event is open to the media.
The Honourable Charles Sousa, Ontario Minister of Finance will deliver a keynote address on behalf of the Ontario Government. Minister Sousa states that “Strong private capital markets are essential to building our infrastructure, growing our economy and supporting vibrant communities. Private capital markets are one of the critical pathways to launch ideas and grow companies. We continue to expand and strengthen our private capital markets to support a strong foundation for our economy in Ontario and Canada.”
Geoffrey Ritchie, PCMA Vice-Chair states: “Capital raised in the exempt market helps finance key business growth and economic development across Canada. It is an important contributor to job creation, supporting entrepreneurial businesses, creating wealth for investors and securing both public pension and private retirement savings. The private markets have grown considerably in recent years and the total amount of capital raised through exempt distributions continues to exceed $100+ billion a year and continues to far outpace capital raising in the public markets.”
2016 PCMA Private Capital Markets Awards
Winners of the 2016 PCMA Private Capital Markets Awards
2016 PCMA Commercial Real Estate Award
ICM (VII) U.S. Core Plus Realty Trust (TriView Capital co-agent)
ICM is a real estate investment firm with a long track record of managing assets on behalf of some of Germany’s wealthiest families. ICM began offering investments to Canadian retail and accredited investors in 2012, working with a syndicate of Exempt Market Dealers. The firm has regularly demonstrated market leadership through its value orientation, disciplined processes and commitment to its partners and clients. With the creation of ICM VII in 2014, the firm introduced an innovative governance structure that included a formal investment committee and continuing oversight of registered portfolio managers. In 2015, ICM made a number of strategic acquisitions in the U.S. to position the firm to achieve its targeted 12% annualized rate of return for its investors.
2016 PCMA Commercial Real Estate Award
Points West Living (TriView Capital, co-agent)
Since its inception in 2000, Points West Living has become one of Alberta’s leading providers of quality hospitality and care for seniors living in supportive living communities. By amalgamating hospitality, health and residential care services, Points West Living has embraced and implemented the very best ideas in seniors care. Cranson Capital Securities led a capital raise of $22M for the Points West Living Limited Partnership to acquire a portfolio of 7 seniors housing facilities across Alberta. Total consideration for the portfolio was approximately $100 million, including the Cranson Capital offering, an additional $9.8M investment from management and approximately $68M in mortgage financing.
2016 PCMA Real Estate Development Award
Rockspring Capital Texas Real Estate Trust (TriView Capital, co-agent)
On a global basis, pre-development land is not only one of the most challenging asset categories to manage but also the most difficult to access. When purchased astutely, and structured appropriately, it offers tremendous capital preservation and growth opportunities. Since 2011, Rockspring has been syndicating land located in the United States and made the opportunity available to Canadian private market investors through a series of partnerships with more than $50 million in equity raised. The award is in recognition of the company’s Rockspring Capital Texas Real Estate Trust, which featured a diversified portfolio of lands located throughout the major markets in Texas – with a mix of lands designated for commercial and residential end use.
2016 PCMA Diversified Mature Award
Invico Capital Corporation (TriView Capital, co-agent)
The Invico Diversified Income Fund invests in a diversified portfolio of high yield lending and investment opportunities that provide monthly cash flow for investors. Founded in 2005 by Jason Brooks and Allison Taylor, Invico Capital Corporation currently manages over $200 MM capital under management. The objective of the fund is to provide consistent, longer-term risk adjusted returns with reduced volatility through direct control or ownership of the underlying assets of the investments. In 2015, Invico Capital included a truly unique opportunity in their portfolio, adding a film credit investment into their fund that lead to their selection as the PCMA’s Award of the Year in the “Diversified – Mature” category.
About the Private Capital Markets Association of Canada
Since 2002, the Private Capital Markets Association of Canada has brought together Exempt Market Dealers, exempt market product Issuers, and professional advisers to the private capital markets. The PCMA is the leading national industry voice for the private capital markets to securities regulators, government and the capital markets. The PCMA provides valuable services and benefits to its members, including: regulatory and compliance resources, opportunities for professional development and industry education, exclusive insurance programs, and access to a network of private capital markets professionals from coast to coast. In 2012, the PCMA launched Private Capital Markets Awards – the first and only national industry awards for private capital markets professionals. The PCMA believes in celebrating and promoting the success stories of the private capital markets in Canada. For more information please visit pcmacanada.com.
For media inquiries, please contact:
Communications Director, PCMA