Wed, Jan 23, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ontario Teachers' alums launch Peloton Capital Management

Friday, November 02, 2018

Bailey McCann, Opalesque New York:

Steven Smith, CEO of First National Financial Corporation and several former members of the Ontario Teachers' Pension Plan have come together to launch a new middle market private equity firm in Canada. Peloton Capital Management will focus on investments in financial services, healthcare, and consumer companies in North America.

The team includes managing partners - Steve Faraone and Mike Murray - who worked together for more than a decade at Ontario Teachers' Pension Plan (OTPP). Steven Smith will Chairman at Peloton, and has also made an anchor commitment. Jim Leech, Chancellor of Queen's University and former CEO of OTPP, is taking on the role of Chair of Peloton's Advisory Board.

Peloton is already on the hunt for new investments funded initially with partner capital and expects to go to market to raise a comingled fund over the next year, Farone told Opalesque in an interview by phone. The firm will focus on well-established companies that have $10MM to $40MM of EBITDA in their target sectors.

According to Farone, the team at Peloton believes that they can stand out in an increasingly crowded middle market by focusing on sectors where they already have deep expertise and a number of professional relationships. Peloton also wants to hold on to its portfolio companies for longer than what you see in a typical 10-year private equity fund.

"We want to be a source of long-term capital for entrepreneurs, so we're......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. News Briefs: The Jeff Bezos divorce: $136bn and Amazon in the middle, Bridgewater Associates partners with consulting firm, Cyprus no longer Mediterranean haven for Russian businesses, Goldman Sachs on course to launch cash management in mid-2020[more]

    The Jeff Bezos divorce: $136bn and Amazon in the middle From Mint: The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination -- how will they split his giant fortune, estimated at $136 billion? And what wi

  2. Institutional Investors: Institutional investors plot large property allocations, Qatar Investment Authority aims to reach $45bn in U.S. investments, Louisiana Teachers assigns $200m, SoftBank move to slash WeWork investment sends shockwaves[more]

    Institutional investors plot large property allocations From FT: Institutional investors plan to make large allocations to property in 2019, taking them closer to their desired targets. At least €72.4bn of new capital is expected to flow into real estate this year, according to a

  3. Legal: Attorney sues after Tampa hedge fund goes under, Hedge funds showing increased interest in litigation claims, Argentina sued again by hedge fund on bonds tied to GDP growth[more]

    Attorney sues after Tampa hedge fund goes under A Tampa hedge fund company may be in legal trouble after the firm that was holding its money was sued by a lawyer who claimed "gross negligence" caused the fund to lose tens of millions of dollars. James Cordier, the head of optionseller

  4. Activists: MGM hands board seat to activist hedge fund Corvex's Meister, PG&E shareholder BlueMountain challenges bankruptcy plans, Gulfport pledges share buybacks after hedge fund demand, PPG Paints itself into a corner[more]

    MGM hands board seat to activist hedge fund Corvex's Meister From Reuters: MGM Resorts International has struck a deal with hedge fund Corvex Management's founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino

  5. Opinion: Can you beat Warren Buffett's investment returns using data?[more]

    From Seeking Aplha: The ideal hedge fund portfolio would use leverage to take a variety of uncorrelated risks that all cancel each other out, leaving the fund with little to no net exposure. For example, if you could invest in enough items with no correlation to the business cycle, like earthqua