/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
REGINA, April 10, 2014 /CNW/ - PFM Capital Inc. has announced the launch
of Apex II Private Equity Fund Limited Partnership (the "Brokered
Offering"), the first fund to offer a diversified portfolio of
Saskatchewan-focused private equity investments to the retail market.
Through its lead agent, Industrial Alliance Securities, Apex II Private
Equity Fund LP provides accredited investors with retail access to
PFM's non-brokered institutional/private wealth offering, Apex II
Investment Fund LP. Through its sole investment in Apex II Investment
Fund, the Brokered Offering will participate in equity, near-equity or
subordinated debt investments in mid-market private Saskatchewan
companies that offer the potential for substantial capital appreciation
or income. Focusing on the key drivers of Saskatchewan's economic
strength - oil and gas, value-added agriculture, real estate and
manufacturing - capital will primarily be deployed for the purposes of
expansion, acquisition, restructuring or completing a management
Apex II Investment Fund builds on the success of its $95.3 million
non-brokered predecessor fund, Apex I Investment Fund LP.
Apex II Investment Fund LP completed its initial close in December 2013,
securing $54.9 million from high net worth and institutional investors.
The fund's management team has set a target of $100.0 million and a
hard cap of $150.0 million for the aggregate funds raised between Apex
II's non-brokered and brokered components. The funds' final close will
be completed in June 2014.
"Over 84% of the $58.3 million currently committed to Apex II Investment
Fund has been received from investors that have participated in at
least one other PFM-managed fund," says Randy Beattie, President and
CEO of PFM Capital Inc. "We consider this level of support to be a
strong indicator of investor confidence in PFM's investment strategy
and the fund's Saskatchewan focus."
About PFM Capital Inc.
PFM Capital is Saskatchewan's largest private equity investment firm
with over $550 million in assets under management across 7 retail and
institutional/private wealth funds. Based in Regina, PFM's niche focus
allows investors to benefit from Saskatchewan's economic strengths by
taking advantage of the firm's established local contact network and
long-term track record of successful multi-sector deal origination. PFM
Capital is employee-owned and has been acting as manager of
Saskatchewan-focused private equity funds for over 20 years.
Forward Looking Information: This release contains forward-looking
information within the meaning of applicable Canadian securities
legislation. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual results or
events to differ materially from those expressed or implied by such
forward-looking information. In addition, the forward-looking
information contained in this release is based upon what management
believes to be reasonable assumptions. Readers are cautioned not to
place undue reliance on forward-looking information as it is inherently
uncertain and no assurance can be given that the expectations reflected
in such information will prove to be correct. The forward-looking
information in this release is made as of the date hereof and, except
as required under applicable securities legislation, PFM Capital Inc.
assumes no obligation to update or revise such information to reflect
new events or circumstances.
This press release does not constitute an offer to sell or solicitation
of an offer to buy any of the securities described herein. The
securities have not been and will not be registered under the U.S.
Securities Act, or any state securities laws and may not be offered or
sold within the United States or to "U.S. persons" (as such term is
defined in Regulation S promulgated under the U.S. Securities Act)
unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
SOURCE: PFM Capital Inc.
For further information:
For more information, please visit www.pfm.ca or contact the following: