TORONTO, Sept. 29, 2015 /CNW/ - InstarAGF Asset Management Inc.
("InstarAGF"), an independent alternative asset management firm, and
AGF Management Limited (TSX: AGF.B; "AGF") today announced that Kindle
Capital Group Inc. ("Kindle") has joined InstarAGF, thereby expanding
InstarAGF's infrastructure platform and enhancing its value proposition
Kindle, an independent investment firm focused on leading and managing
groups of Canadian institutional investors in infrastructure
syndication and co-investment opportunities in North America and
globally, will continue to own and direct its existing investments and
current mandates, representing approximately $500 million in assets
under management. InstarAGF will support Kindle with asset management
and administrative services.
George So, a seasoned infrastructure professional and Kindle's founder
and Managing Partner joins InstarAGF as a Partner where he will
originate investment opportunities for the InstarAGF Essential
Infrastructure Fund and manage transaction and financing processes.
Alex Jerome, formerly a Vice President with Kindle, joins InstarAGF as
"We are delighted to welcome George and Alex to InstarAGF given their
exceptional track record in sourcing, acquiring and managing high
quality infrastructure assets, and delivering attractive returns to
investors," said Gregory J. Smith, President and Chief Executive
Officer. "With our extensive experience, deep strategic relationships,
access to significant North American deal flow and proven execution
capability, InstarAGF's infrastructure platform is well placed for
"We are pleased with the growth and progress of InstarAGF's alternatives
platform, which diversifies AGF's investment capabilities and product
offering for institutional, high net worth, and retail clients
globally," said Blake C. Goldring, Chairman and Chief Executive Officer
of AGF. "InstarAGF has assembled an outstanding team and pipeline of
investment opportunities, which positions us to achieve the first close
of the InstarAGF Essential Infrastructure Fund later this year."
Mr. So has 20 years of specialized expertise in acquisitions, capital
raising, and asset management. He formed Kindle, an independent
investment firm, in 2009 to lead and manage groups of Canadian
institutional investors in syndication and co-investment opportunities
in the infrastructure sector in North America and globally. Notable
transactions included Macquarie Communication Infrastructure Group,
407ETR, Behrman Capital, Anglian Water Group and Colonial First State's
Global Diversified Infrastructure Fund, among others. Prior to
founding Kindle, Mr. So was a senior member of the Canada Pension Plan
Investment Board's Private Investment - Infrastructure team, where he
was responsible for executing global direct investments valued at
approximately CDN$7 billion, and part of a team managing a CDN$4.5
billion portfolio of assets.
Alex brings nine years of direct investment experience to InstarAGF,
including the evaluation, execution and ongoing management of global
infrastructure investments in the transportation, utilities,
communications and energy infrastructure sectors. Prior to his role
with Kindle, Mr. Jerome served as an Analyst - Private Investment for
the Canada Pension Plan Investment Board.
About InstarAGF Asset Management Inc.
Launched in 2014, InstarAGF is an independent alternative asset
management firm with an emphasis on North American middle-market
opportunities in the infrastructure sector and other alternative asset
categories. InstarAGF, which makes direct investments and
co-investments with like-minded investors and strategic partners, is a
joint venture between Instar Group Inc. and AGF Management Limited, one
of Canada's largest independent investment management firms with
approximately $33 billion in assets under management through its
various subsidiaries. In January 2015, InstarAGF and its consortium
partners in Nieuport Aviation Infrastructure Partners GP acquired the
passenger terminal at Billy Bishop Toronto City Airport. The terminal,
a premier essential infrastructure asset, is a cornerstone investment
of InstarAGF's Essential Infrastructure Fund.
For further information:
Senior Vice President
InstarAGF Asset Management Inc.