Rich PE firms eye Calgary

Two new private equity firms may be moving to Calgary to make a play for investors who want into the oil patch, reports the National Post.

Last year, capital market financing in Canada was down 30% from 2012, the Post reports. Private equity could move in to fill the gap.

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Heavyweight firm Kohlberg Kravis Robert and Co. has announced plans to open an Alberta office, while New York firm Evercore Partners is also looking to open a Calgary branch. Another NYC firm, Pinebrook Partners, has a Team Canada at it’s headquarters that’s looking for an entrance to the country.

The Post says money is flowing back into oil and gas after a dry patch last year.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.