TORONTO, Jan 9, 2014 /CNW/ - West Face Capital Inc., a Toronto-based institutional investor with over $2.0 billion in assets under management, today announced the launch of the West Face Alternative Credit Fund Group (West Face ACFG), designed to invest primarily in privately negotiated credits.
The West Face ACFG has launched with approximately $400 million in commitments in its first close and will be capped at approximately $600 million.
The West Face ACFG mandate includes investing in second-lien debt, unsecured debt, mezzanine financing, acquisition financing, and bridge loans.
Tom Dea, a Partner at West Face Capital said: "The West Face Alternative Credit Fund Group allows us to address longer-dated illiquid investment opportunities."
The West Face ACFG is managed by West Face Capital Inc.
SOURCE: West Face Capital Inc.
For further information: Claude Robillard, West Face Capital Inc., 416-479-7323, email@example.com