TORONTO, May 20 /CNW/ - Bridgepoint Group Ltd., through its wholly owned subsidiary Bridgepoint Asset Management Inc., is pleased to announce the launch of its Greenfield Development Fund I LP, creating a new investment platform that will provide early-stage pre-development funding for Canadian energy and infrastructure projects.
With Canada's infrastructure deficit projected to climb to $1 trillion by 2050, the establishment of the Greenfield Development Fund I LP presents a timely investment opportunity. This private equity fund will seek to raise capital and partner with industry to actively invest in, develop and manage energy and infrastructure solutions across Canada.
"Though there are many Canadian funds that target the energy and infrastructure sectors, the Greenfield Development fund uniquely focuses on providing the pre-development investment dollars that enable projects to become construction ready," notes Frank Carnevale, President & CEO of Bridgepoint Group Ltd. "We will leverage Bridgepoint Group's twelve years of hands-on energy and infrastructure industry experience to mitigate risks and provide a unique investment opportunity."
"By bringing in our preferred partners to effectively mitigate project risks, we will be able to extract significant value that is often overlooked by most industry players," added Georges Arbache, Managing Partner at Bridgepoint Asset Management.
The Fund's investment strategy will be to acquire equity positions in power generation and social infrastructure projects where a creditworthy government or quasi-government counterparty will assure off-take payments for the power or services to be provided by the facility.
By leveraging its extensive industry network, long standing experience and reputation in the industry and trusted relationships with key decision makers, the Fund will actively participate in the management of the projects and seek to maximize its influence on the development process to minimize early stage development risks. As project owners and providers of development capital, the Fund will be in a unique position to have significant influence on the selection of strategic partners and key service providers.
ABOUT BRIDGEPOINT GROUP LTD.
Established in 1998, Bridgepoint Group Ltd. is a boutique consulting, investment banking and private equity firm that enables the development, acquisition and management of sustainable energy and infrastructure in Canada and the United States.
Bridgepoint Group enables transactions among public and private sector partners in the following markets: power, utilities, transportation, real estate & buildings, waste, environment, and natural resources.
Bridgepoint provides a unique value proposition; combining a public and private sector network of leaders, second to none; deep industry experience in generating wins; and alignment of interests with clients through sharing of risks and rewards.
Bridgepoint Asset Management Inc. is a boutique asset management firm that specializes in the investment of sustainable energy and infrastructure solutions in Canada and the United States.
SOURCE BRIDGEPOINT GROUP LTD.
For further information: For further information: Mr. Frank Carnevale, President & CEO, Bridgepoint Group Ltd., (416) 921-5274