Canadian Firm Raises Energy-Focused Private Equity Fund

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...