These 3 Canadian Single Family Offices Invest in Private Equity

familyofficehub list of the largest canadian single family offices investments private equity

Canada with its thriving economy supports the formation and transaction processes in businesses of all the country’s different key industries: agriculture, energy, technology, services and manufacturing. Direct access to ports and the commitment to public transport form an innovative, green and progressive business climate. Given these conditions and the fact that investments in the fields of traditional capital markets are becoming riskier every day during the recent crisis, single family offices, the private investment companies associated with the richest and wealthiest individuals, are focusing on private equity investments to balance their portfolios. As part of our database of the largest single family offices in Canada, we want to present you three Canadian single family offices, that pursue private equity investments.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Tricor Pacific Capital

Vancouver-based and established in 1996, the company’s original goal was to carry out private equity transactions, using the owner family’s, as well as institutional funds to invest in middle-market companies across North America. Until today, Tricor Pacific Capital has evolved into a single family office that solely invests its own capital. Under the direction of Rod Senft, the investment company managed four separate funds with a total committed capital of $1.2 billion, focusing on real estate and private equity. Preferred industries are real estate, food, industrial and transportation with a strong focus on middle market companies. Tricor Pacific Capital, for example, is invested in Dinoflex, a leading innovator in the manufacturing of recycled rubber products and specialist in producing premium quality rubber flooring, surfaces, tiles and custom products. Rockmount Research and Alloys is another exemplary private equity investment of Tricor Pacific Capital. The industrial company is a leading supplier of high-quality repair and maintenance welding alloys specifically designed to weld stronger and last longer.

#2: Hedgewood

Hedgewood Inc. serves as the private investment firm of the the co-founder and past Chairman & CEO of WebHosting.com and InQuent Technologies: Jesse Rasch. In addition to WebHosting.com and InQuent Technologies Jesse Rasch also co-founded CareGuide. Hedgewood Inc. was founded in 2000 and is headquartered in Toronto. InQuent provides private label hosting solutions to telecommunications customers. WebHosting.Com was one of the largest business web hosting companies in the world. In 2000, Rasch sold InQuent and WebHosting.Com to AT&T. As a global thinking investor, Hedgewodd Inc. focuses not only on transactions in Canada and the United States, but also seeks for global investments. Besides private equity, investments are made in venture capital, capital markets, lending and real estate.

#3: Marin Investments Limited

Vancouver-based Marin Investments engages as the private investment vehicle of the Young Family and was established in 1952. Since 1982, Charles Young, graduate of Stanford and Harvard Business School, leads the investment firm. Marin Investments Limited back then started investing with a major controlling interest in Finning Tractor and Equipment, the largest Caterpillar distributor worldwide. It didn’t take long and the firm expanded its investment activities to real estate, private equity and stock markets. Tantalus is part of Marin’s private equity portfolio and delivers measurable and meaningful operational savings through their multi-purpose Smart Grid solutions platform for Advanced Metering, Demand Management, Distribution Automation and Grid Optimization. Another investment is prepac, a successful North American designer, manufacturer and drop shipper of functional and stylish RTA (Ready-To-Assemble) home furniture.

Picture source: Aditya Chinchure

This articles may also be interesting to you:

Relevant lists:

These 3 Canadian Single Family Offices Invest in Venture Capital

familyofficehub list of the largest single family offices canada venture capital

The current low interest rate environment is putting savers and, in general, people who want to use their assets profitably, in an unfavorable situation. Therefore, investments in the field of venture capital are becoming more and more interesting due to the situation mentioned above. Especially in the thriving economy of Canada, where the number of wealthy people and investors is increasing constantly, this particular form of investment is becoming more and more important. Normally, traditional banks don’t provide this form of capital because of the risks associated with it. This leads to startups approaching so called “Business Angels” and other venture capitalists (or sometimes venture capital funds) when they’re in the earlier stages of business. With this article we want to present you three venture capital focused single family offices from Canada as part of our list of the largest single family offices in Canada.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Hedgewood

Hedgewood Inc. serves as the private investment vehicle of Jesse Rasch. It was founded in 2000 and has its headquarters in Toronto. Jesse Rasch is a successful entrepreneur in the software industry. He is the co-founder and past Chairman & CEO of WebHosting.com and InQuent Technologies. Furthermore, he co-founded CareGuide. InQuent provides private label hosting solutions to telecommunications customers. WebHosting.Com was one of the largest business web hosting companies in the world. In 2000, Rasch sold InQuent and WebHosting.Com to AT&T. As a globally minded investor, Hedgewood actively pursues and engages in a wide variety of investment opportunities in Canada, the United States, and internationally. Besides of venture capital, the investment firm focuses also on private equity, capital markets, lending and real estate. The venture capital focus lies on consumer & enterprise tech, health care and food/cpg. Bench is an exemplary excerpt of the portfolio. The company provides an online bookkeeping service that delivers tax-ready financial statements from professional accountants and allows you to access a simple, elegant software to review your finances.

#2: Thomvest

The Toronto-based investment company takes care of the financial security needs of Peter J. Thomson and his family. The former rally car driver is now active as a Business Angel and built up an impressive net worth of over $6 billion, with which he’s backing Thomvest. The company was established in 1996 and is split into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. In addition to private equity and real estate investments, which are proceeded through Thomvest Asset Management and Thomvest Properties, the firm focuses on venture capital through Thomvest Ventures, an evergreen cross-stage venture capital fund based in San Francisco. Since its inception in 1996, Thomvest Ventures has invested over $500 million in more than 50 technology companies and prefers to invest in the fields of finance, real estate, security, infrastructure, sales and marketing. With Zendrive, Thomvest backed a start-up that leverages mobile sensor data to provide actionable insights that improve safety for passengers and drivers worldwide and that could be useful in pricing insurance tariffs.

#3: Otimo Retail

Otimo Retail, based in Montreal, acts as the private investment arm of Howard Stotland, Matthew Stotland, and David Henning and provides capital, as well as strategic and operational guidance to small and mid-sized technology providers who develop, market and sell software solutions to retail organizations. The firm offers a network of retail technology companies for partnership and business development opportunities and claims to be able to introduce business partners to appropriate C-level executives at Fortune 500 retailers. For example, Logiwa is a current venture capital investment at Otimo Retail. Logiwa is a cloud warehouse and inventory management software that meets the warehouse management and order fulfillment needs of retail and e-commerce businesses worldwide.

Picture source: Scott Webb

These articles may also be interesting to you:

Relevant lists:

These 3 Canadian Single Family Offices Invest in Real Estate

list of 3 single family offices from canada that invest in real estate

Real estate: One of the few, if not the only, asset class that did not lose value during the Corona pandemic, but rather increased in value as usual. It is therefore less surprising that real estate will continue to be one of the most important asset classes. Especially in Canada’s metropolitan areas (Toronto, Montreal & Vancouver) real estate and rental prices are literally exploding. For example, in Toronto the average market rent for a usual 2-bedroom apartment in 2019 amounts to almost $2700, in Vancouver rental prices are even higher (around $3000 for a 2-bedroom apartment). For these reasons, single family offices, the private investment companies of wealthy private individuals, all tend to focus, at least in part, on real estate. With this article we want to present you 3 single family office in Canada, that invest in real estate. These single family offices are also featured in our recently created database of the largest Canadian single family offices.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Tricor Pacific Capital

The Canadian single family office Tricor Pacific Capital doesn’t disclose who the family is that solely invests its own money and operates the firm from the “background”. But it is known, that the investment firm first was founded in order to carry out private equity transactions, using the family’s, as well as institutional funds to invest in middle-market companies across North America. Under the direction of Rod Senft, Tricor Pacific Capital managed four separate funds with a total committed capital of $1.2 billion. Until today, Tricor Pacific Capital has evolved into a single family office that only invests its own capital, focusing on real estate and private equity transactions. In terms of real estate, the firm focuses on commercial and residential properties and holds, for example, a portfolio of purpose-built, industrial, single-tenant real estate and highly seeks for industrial single tenant objects associated with their operating businesses or with other established businesses they can understand. Indirect real estate investments are proceeded through the Spira Equity Partners fund.

#2: Dancap Family Investment Office

The Dancap Family Investment Office addresses all the investment and financial needs of the Dan Family and was established in 2000. The Canadian businessman, producer and philanthropist Aubrey Dan, whose father, Leslie Dan, founded the generic pharmaceutical manufacturer Novopharm, has an estimated net worth of $1 billion and currently leads the single family office. The investment firm invests in both alternative and traditional asset classes such as private equity, real estate, private debt, hedge funds, and public equities. Even though the Family Office is Canadian-based, its investment portfolio is global, with a primary focus on opportunities in the United States. Dancap will allocate between 15% to 25% of its overall portfolio to Real Estate investments through third party funds, co-investments, and direct investments. Their Real Estate funds focus on many strategies including: Multifamily value-add, Office space, Seniors housing, Developments, Mixed-use, and Hospitality.  A co-investment property, for example, is “The Vibe at Gateway”, a complex of luxurious apartments in Saint Petersburg, Florida.

#3: Thomvest

Peter J. Thomson, a Canadian rally race car driver and venture capitalist, backs Thomvest with his estimated net worth of over $6 billion. Formed in 1996, the investment company is split up into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. Through the last one, Thomson proceeds all his real estate related investment transactions. The real estate fund is based in Dallas and provides flexible terms and investment structures, without the limitations of a finite fund lifespan or numerous limited partners. In 2020, Thomvest Properties began acquiring a portfolio of NNN lease properties and it actively seeks investment opportunities with a purchase price of between $4 million and $15 million per property.

Picture source: Zia Syed

These articles may also be interesting to you:

Relevant Lists:

List of 3 Single Family Offices from Toronto

List of 3 Single Family Offices from Toronto Canada INvestments Real Estate Private equity investments venture capital

Directly located at the Lake of Ontario, Toronto is, in terms of population, the largest city in Canada. In addition to hosting the banking and stock exchange center of Canada, the city functions as the country’s primary wholesale and distribution point. Ontario’s wealth of raw materials and hydroelectric power have made Toronto a primary center of industry with Finance, Media, Technology and Tourism being the key industries. Due to the facts, many high net worth individuals settled down here: Thomson Family, Rogers Family and Carlo Fidani, just to name a few. Usually these individuals own their own private investment companies. In our newly created database of Canadian family offices we identified the largest single family offices in Canada, of which, we want to introduce you three of these investment companies that have their headquarters located in Toronto.

The mentioned family offices are all part of our list of the largest single family offices in Canada

  • 30 entries, thereof 20 with general e-mail address, 26 with executive names
  • Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
  • 23 columns included: name, family name, estimated family wealth, detailed investment focus and exemplary investments, address, phone, e-mail, website…
  • Free updates within one year included, secure payment through PayPal or Credit Card, 24/7 support through live chat and mail

#1: Thomvest

Thomvest is the investment management firm of Peter J. Thomson, a Canadian rally race car driver and a venture capitalist with an estimated net worth over $6 billion, and his family. The company was established in 1996 and is split into three divisions: Thomvest Ventures, Thomvest Asset Management & Thomvest Properties. As you can guess, the firm focuses on real estate and venture capital investments but also completes private equity transactions through funds. The venture capital investments are typically made in the areas of financial technology, marketing technology, cybersecurity, sales, and cloud infrastructure sectors in early and growth stages. The mortgage company LoanSnap is an exemplary investment and provides people with a clear view of their finances and shows them where they may be losing money every month.

#2: Dancap Family Investment Office

The Dancap Family Investment Office serves as the private investment arm of the Dan Family and was founded in 2000. Aubrey Dan, a Canadian businessman, philanthropist and a producer, whose net worth is estimated to be around $1 billion, currently leads the firm. His father, Leslie Dan, founded the generic pharmaceutical manufacturer Novopharm. The Dancap Family Office invests in both alternative and traditional asset classes such as private equity, real estate, private debt, hedge funds, and public equities. Even though the Family Office is Canadian-based, its investment portfolio is global, with a primary focus on opportunities in the United States. For example, the company owns parts of the Heights at 2121 in Houston, a luxury apartment community. EduNav, as part of the private equity portfolio, is an innovation leader in the higher-end software market. Their team brings experience in deep integration with core systems, with integrations with student information systems, learning management systems, and authentication authorities.

 

#3: Hedgewood

Hedgewood Inc., the private investment office of Jesse Rasch, was founded in 2000. Jesse Rasch is the co-founder and past Chairman & CEO of WebHosting.com and InQuent Technologies. Furthermore, he co-founded CareGuide. InQuent provides private label hosting solutions to telecommunications customers. WebHosting.Com was one of the largest business web hosting companies in the world. In 2000, Rasch sold InQuent and WebHosting.Com to AT&T. As a globally minded investor, Hedgewood actively pursues and engages in a wide variety of investment opportunities in Canada, the United States, and internationally. The firm engages in venture capital, private equity, capital markets, lending and real estate. Real estate investments focus on retail, office, residential, farmland and timberland. Their venture capital focus lies on consumer & enterprise tech, health care and food/cpg. Aobiome is an exemplary health care investment and pioneer in the application of commensal bacteria, with a transformative new platform technology and therapeutic and diagnostic approaches to the skin and the human microbiome.

Picture source: Conor Samuel

These articles may also be interesting to you:

Related Lists:

Erwin Singh Braich Single Family Office Intends To Invest In Yes Bank’s Capital Raise

Erwin Singh Braich Single Family Office Intends To Invest In Yes Bank's Capital Raise

Yes bank is India’s fifth largest private bank. After financial troubles and an increased number of bad loans the bank plans a capital increase. In total, Yes Bank intends to raise $2BN fresh capital. Thereof, new shares in the amount of $1.2BN will be bought by a firm affiliated with Erwin Singh Braich’s single family office.

Financial troubles at Yes Bank making a capital increase necessary

The Mumbai-based Yes bank was founded in 2004 by Rana Kapoor, Today, the bank is India’s fifth largest bank with more than 630 branches in 375 cities. For two years, Yes Bank’s stock is steadily falling. The crisis started as the Indian regulators forced the bank to disclose that it had $630M bad loans than reported. Founder and former CEO Rana Kapoor was then replaced by Ex-Deutsche Bank India CEO Ravneet Gill – who is now fighting the crises. Through the intended $2BN capital raise, the bank wants to ease the financial situation of the bank.

Numerous single family offices investing in capital raise

Various investors pledged money to the capital raise: $1.2BN by the Erwin Singh Braich single family office, $500M by Citax Holding, $120M from a US fund, $50M from GMR Group, $50M from Discovery Capital, $30M from Ward Ferry and $25M from the Aditya Birla Famly Office. The main investor, Erwin Singh Braich is a Canadian billionaire. He will invest through an affiliated Singapore-based firm, SPGP Holdings. It is relatively little known about Braich, besides the fact that he is the son of Herman Singh Braich, an Indian who emigrated to Canada many years ago and that he runs an industrial conglomerate.

Sources
Wikipedia, 3.12.2019
Economic Times (1), 3.12.2019
Economic Times (2), 3.12.2019
Unsplash, 3.12.2019

You might like these family office articles

Relevant single family office lists