Fiera Comox Launches New International Private Credit Strategy
Fiera Comox, an affiliate of Fiera Capital Corporation, has announced the official launch of its new Fiera Comox Private Credit Strategy.
Complimenting the firm’s private equity and agriculture strategies, the Strategy offers investors compelling private credit investment opportunities across the US and Europe, according to a press release.
The Strategy has been designed to be flexible and capitalise on shifts in the investment landscape to deliver attractive returns through changing economic cycles, says Fiera Comox. With global market pressures expected to persist, the Strategy represents an opportunity of choice for investors as more mid-market companies require capital to grow and operate in the current environment.
Initial seed capital was provided by Fiera Capital, which has one of the largest non-bank private debt platforms in Canada. Furthermore, the Strategy is complementary to Fiera Capital's existing eight private credit strategies that invest in Canada and Asia.
To develop and launch this new strategy, Fiera Comox brought in Mathieu Desforges and Maxime Dorais, from the Caisse de dépôt et placement du Québe (CDPQ). While at CDPQ, together they grew the Junior and Opportunistic Credit strategy into an over USD3 billion private credit portfolio from 2013 to 2019. This investment team has managed assets through all economic cycles, including the global financial crisis of 2008, reports Fiera Comox.
Mathieu Desforges, Partner and Head of Private Credit, Fiera Comox, said: “Our team is thrilled to announce the official launch of the Fiera Comox Private Credit Strategy, which provides a differentiated investment opportunity by investing in high quality private credit instruments across the capital structure in the US and Europe. Initial commitments from Fiera Capital, a Canadian pension fund and a US investor have allowed us to complete our first two investments in the U.S. and Europe. We are confident we can replicate the success of our past portfolios by building a stable and high return private credit strategy.”
Antoine Bisson-McLernon, Founder and CEO, Fiera Comox, said: “"Our new private credit strategy is very well aligned with Fiera Comox's existing private equity and agriculture investment strategies, which invest globally and are offered via open-ended structures. The addition of this new team to the existing Fiera Comox platform brings exceptional global networks and deal sourcing capabilities with our investment professionals having run three of the world's largest institutional private investment programs. This strategy provides a particularly attractive opportunity for investors right now.”
John Valentini, President and CEO, Private Alternative Investments, Fiera Capital, said: “This new private credit strategy expands Fiera Capital's private alternatives lending platform and offers our clients complementary private credit products. We are excited to welcome such an experienced credit team and to continue to support the growth of the Fiera Comox platform.”