Tuesday, 27 January 2015
Last updated 5 hours ago
Mar 7 2014 | 3:10am ET
Canadian private-equity firm Annapolis Capital has garnered C$200 million for its latest energy-focused fund.
Calgary, Alberta-based Annapolis invests in Western Canadian energy companies, especially those involved in oil and liquids exploration and production. And while much has been made of Canada’s shale-oil reserves, Annapolis CEO Peter Williams told The Wall Street Journal he also sees “a significant pool of conventional opportunities.”
Williams said he expects to raise a total of C$300 million for the fund, which would double Annapolis’ assets under management to C$600 million. He said that most of the firm’s investors were institutional, primarily from the U.S.
Such investors “see a market in Canada that is vastly undercapitalized,” he said.
Annapolis’ investments range from about C$35 million to C$150 million.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…