/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Feb. 6, 2024
/CNW/ - Fiera Private Debt Inc. ("Fiera Private Debt"),
a wholly-owned subsidiary of Fiera Capital Corporation (TSX: FSZ)
("Fiera Capital" or the "Company"), is proud to
announce the first close of the seventh vintage of its flagship
Canadian private credit fund, Fiera Private Debt Fund VII ("FPD
VII"), having raised $350 million
for the strategy through a closed-end fund and a separately managed
account.
FPD VII benefitted from strong institutional investor support as
clients recognized the unique opportunity presented by Fiera
Private Debt's differentiated strategy focused on providing senior
secured term debt financing directly to high quality, middle-market
Canadian businesses. The objective of the strategy is to
originate and proactively manage a diversified portfolio of
high-quality private debt investments offering stable cash flow,
enhanced yield and low volatility.
"Our team is pleased by the endorsement of both existing and new
investors, which continues to validate our unique and longstanding
position in the Canadian debt market. We leverage our long track
record of successful investment selection and rigorous underwriting
to create customized debt solutions generating attractive returns,"
said Theresa Shutt, Head of
Corporate Debt. "As such, our investors are attracted by the
out-sized cash yield and downside protection that have been central
tenets of our strategy for over 30-years. We are thrilled to be
able to support Canadian businesses through their next phase of
growth and evolution."
John Valentini, Executive
Director, President and Chief Executive Officer of Fiera Private
Markets commented, "Fiera Private Debt has a leadership position in
the Canadian market providing private credit strategies targeting
the mid-market segment that provides attractive returns for
investors. Not only are we able to achieve attractive risk-adjusted
returns for our investors, but we also provide an important source
of capital in support of our borrowers. Our innovative approach to
borrower engagement has solidified our position as the non-bank
lender of choice for Canadian middle-market businesses seeking a
sophisticated financing partner."
About Fiera Private Debt
Fiera Private Debt, a wholly-owned subsidiary of Fiera Capital
Corporation, is a leading Canadian private debt manager with a 30+
year track record in originating and managing private debt
investments for institutional investors. Since the firm's
inception, Fiera Private Debt has raised and invested over
$3.5 billion in capital in mid-market
Canadian companies that exhibit strong return metrics coupled with
downside protection.
Fiera Private Debt manages a diversified suite of private credit
strategies including investment grade equivalent private debt,
opportunistic credit, bridge financing and infrastructure debt.
https://www.fieraprivatedebt.com/
Fiera Private Debt is not registered with the U.S. Securities
and Exchange Commission and does not currently provide services in
the United States or to U.S.
investors.
About Fiera Capital
Corporation
Fiera Capital is a leading independent asset management firm
with a growing global presence. The Company delivers customized and
multi-asset solutions across public and private market asset
classes to institutional, financial intermediary and private wealth
clients across North America,
Europe and key markets in
Asia. Fiera Capital's depth of
expertise, diversified investment platform and commitment to
delivering outstanding service are core to our mission of being at
the forefront of investment management science to create
sustainable wealth for clients. Fiera Capital trades under the
ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
Each affiliated entity (each an "Affiliate") of Fiera
Capital only provides investment advisory or investment management
services or offers investment funds in the jurisdictions where the
Affiliate is authorized to provide services pursuant to an
exemption from registration and/or the relevant product is
registered.
Fiera Capital does not provide investment advice to U.S. clients
or offer investment advisory services in the US. In the U.S., asset
management services are provided by Fiera Capital's affiliates who
are investment advisers that are registered with the U.S.
Securities and Exchange Commission (SEC) or exempt from
registration. Registration with the SEC does not imply a certain
level of skill or training. For details on the particular
registration of, or exemptions therefrom relied upon by, any Fiera
Capital entity, please consult
https://www.fieracapital.com/en/registrations-and-exemptions.
Additional information about Fiera Capital, including the Fiera
Capital's annual information form, is available on SEDAR+ at
www.sedarplus.ca.
Disclosure
The information presented is for informational purposes only and
is not intended to be, and should not be construed as, an offer to
sell, or the solicitation of an offer to buy, any investment
product. The information presented in this document, in whole or in
part, is not investment, tax, legal or other advice, nor does it
consider the investment objectives or financial circumstances of
any investor.
This document may contain "forward-looking statements" which
reflect the current expectations of Fiera Capital and/or its
Affiliates. These statements reflect current beliefs, expectations,
and assumptions with respect to future events and are based on
information currently available. Although based upon what Fiera
Capital and its affiliates believe to be reasonable assumptions,
there is no guarantee that actual results, performance, or
achievements will be consistent with these forward-looking
statements. There is no obligation for Fiera Capital and/or its
Affiliates to update or alter any forward-looking statements,
whether as a result of new information, future events or
otherwise.
SOURCE Fiera Capital Corporation