Investment Management Investment Management

Wellington-Altus in its nearly $400-million minority investment from Kelso & Company

On October 20, 2025, Wellington-Altus announced a nearly $400-million secondary minority common equity investment from Kelso & Company, a leading U.S. private equity firm. Upon completion, Kelso will acquire a 25% minority stake in Wellington-Altus in a common equity transaction, confirming an...

Lead Office: Toronto Date Announced: October 20, 2025 Value: $400 million

Norwest in its strategic investment in PSD Citywide

On October 21, 2025, PSD Citywide, an international leader in enterprise asset management software solutions, announced it has received a strategic investment from Norwest, a global growth equity and venture capital investment firm. This investment from Norwest will allow PSD Citywide to continue...

Lead Office: Montreal Date Announced: October 21, 2025 Value: --

Cynosure Private Equity in shareholder and deal arrangements regarding the $400-million investment from Kelso & Company into Wellington Altus

On October 20, 2025, Cynosure Private Equity, a leading U.S. private equity firm, announced its new shareholder and deal arrangements in respect of a nearly $400-million secondary minority common equity investment from Kelso & Company, a leading U.S. private equity firm, into Wellington Altus....

Lead Office: Toronto Date Announced: October 20, 2025 Value: $400 million

Purpose Unlimited Inc. in its acquisition of Steadyhand Investment Funds Inc.

On June 10, 2025, Purpose Unlimited Inc. completed its acquisition of Steadyhand Investment Management Ltd. and Steadyhand Investment Funds Inc. Steadyhand is an independent Vancouver-based wealth management firm with approximately $1.3 billion in assets under management serving Canadian...

Lead Office: Toronto Date Announced: June 10, 2025 Value: --

Intrepid Growth Partners in connection with its investment in StackAdapt

On February 4, 2025, Teachers’ Venture Growth announced it led an all-equity round in StackAdapt that values the company at approximately US$2.5 billion. This round had participation from Intrepid Growth Partners and other undisclosed investors. Teachers’ Venture Growth is a late-stage...

Lead Office: Toronto Date Announced: February 4, 2025 Value: --

180 Degree Capital Corp. in its merger with Mount Logan Capital Inc.

On January 17, 2025, 180 Degree Capital announced an agreement to combine with Mount Logan Capital Inc. in all-stock transaction, establishing a U.S. exchange-listed, alternative asset management and insurance solutions platform with over $2.4 billion in assets under management. Pursuant to the...

Lead Office: Toronto Date Announced: January 17, 2025 Value: --

Kudu Investment Management in its minority stake in Third Eye Capital

On September 9, 2021, Kudu Investment Management acquired a minority stake in Third Eye Capital and its affiliates. The transaction marks Kudu’s first investment in Canada and will allow Third Eye to enhance its alignment with clients and launch new funds. Kudu Investment Management...

Lead Office: Toronto Date Closed: September 9, 2021 Value: -

OPTrust in USS’ 50% stake in Bruc Energy

On May 17, 2021, the Universities Superannuation Scheme (USS), the largest private pension scheme in the UK, acquired a 50% stake in Bruc Energy. The $281 million investment will grant USS a stake in a 4GW pipeline of solar photovoltaic farms. The partnership will help Bruc Energy become...

Lead Office: Toronto Date Closed: May 17, 2021 Value: -

Purpose Financial in its $53.5 million investment by Allianz X

On February, 26, 2021, Allianz X completed its $53.5 million investment in Purpose Financial. The proceeds from the investment will be used to accelerate growth and expand product development, and is the first step in a strategic cooperation between Purpose Financial and Allianz X to...

Lead Office: Toronto Date Closed: February 26, 2021 Value: $53.5 million

Ontario Teachers’ Pension Plan Board in Intact Financial Corporation’s acquisition of RSA Insurance Group

On November 12, 2020, Intact Financial Corp. announced that it had entered into subscription agreements with Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board to provide financing totaling $3.2 billion to support Intact’s...

Lead Office: Toronto Date Closed: November 25, 2020 Value: $3.2 billion