Sunday, 2 August 2015
Last updated 2 days 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…