2015 Certified Trade Mission to Toronto, Canada — October 12 – 13, 2015

2015 Certified Trade Mission to Toronto, Canada
for Private Equity, Private Debt, Venture Capital, Hedge Fund, Real Estate and Infrastructure Fund Managers

Monday October 12 to Tuesday October 13, 2015

An opportunity to meet active, screened and interested LPs from Canada‘s leading institutional and family office investors.

KEY FEATURES OF THE CERTIFIED TRADE MISSION

  • Minimum of 15 one-on-one personal meetings with Toronto’s leading institutions and family offices
  • Focused, structured, organized and pre-arranged private meetings
  • Convened by the U.S. Embassy
  • No placement agency fees or commissions
  • Full contact information and background provided to GPs prior to all meetings
  • Promotion of your firm to 150+ local institutional investors, and single- and multi-family offices

CANADIAN EVENT CO-CHAIRS

Jeffrey C. Shaul, BCom, LLB, CIM, CFA, FCSI
Founder, President and Chief Executive Officer, Robson Capital Management

Jeff has over 27 years of investment industry experience, including senior executive positions with major Canadian firms covering securities underwriting, M&A, private equity and asset management. Prior to founding Robson Capital Management in 2003, Jeff helped build a fund management business from inception to $285 million, including a private equity fund-of-funds managed on behalf of Canada Pension Plan Investment Board (CPPIB). Jeff practised law at Osler, Hoskin & Harcourt in Toronto, prior to his career in investments with major Canadian investment firms including Scotia Capital and TD Securities. He is a member of the Law Society of Upper Canada, the CFA Institute and Toronto CFA Society and is a Fellow of the Canadian Securities Institute (FCSI). Jeff was a member of the Sales Practices Committee of AIMA Canada, and has appeared on Business News Network as a hedge fund commentator.

Bernice Miedzinski, BA, FCSI
Founder and President, StarBridge Capital Ltd

Bernice’s experience spans 30+ years in capital markets and she is currently President of StarBridge Capital Ltd. Prior to founding StarBridge in 2012, Bernice was Managing Director, Institutional Sales for Man Investments Canada Corp. From 2004 to 2007, she was Managing Director of York Investment Strategies Inc., an alternative investment advisory firm. Bernice’s expertise in alternative investments includes hedge funds, insurance­‐linked securities, private equity, real estate, and farmland. Bernice started her career in the early 1980s in South Africa in corporate treasury. Upon immigrating to Canada in the mid-1980s, she spent several years on trading desks at two leading Canadian and U.S. banks. Bernice then spent over a decade as an independent investment consultant. Bernice is a Fellow of the Canadian Securities Institute (FCSI).

BACKGROUND ON CANADIAN INSTITUTIONAL INVESTORS

  • Canada is the one of the largest investors in the U.S., and has invested billions of dollars with U.S. alternative investment managers since the 2008-9 financial crisis.
    • For example, see here for the Foreign Investment Survey (2010-2014) from the Association of Foreign Investors in Real Estate (AFIRE).
  • Canada has some of the largest institutional investors globally including:
    • Canada Pension Plan Investment Board (CPPIB)
    • Caisse de dépôt et placement du Québec (La Caisse)
    • Ontario Teachers’ Pension Plan (OTPP)
    • Public Sector Pension Investment Board (PSP Investments)
    • Alberta Investment Management Co. (AIMCo)
    • Ontario Municipal Employees Retirement System (OMERS)
  • These large pension funds all invest across the full range of alternative investments, and are leaders in investing globally.

  • Total Canadian pension fund assets are ~10% of total U.S. pension fund assets; However, the vast majority (>90%) of Canadian pension fund assets are in Defined Benefit (DB) Plans, with the balance of pension fund assets (<10%) in Defined Contribution (DC) Plans.
    • See here for the Canadian Institutional Investment Network’s Chronicle: An Overview of Pension Plans in Canada 2014.
    • See here for the Pension Investment Association of Canada’s Asset Mix Report for 2014 for both DB Plan Sponsors and DC Plan Sponsors, respectively.
  • Over the past decade from 2004-2014:
    • The medium-sized Canadian DB Plans (and a select group of foundations and endowments) have decreased their Canadian equity allocations and increased their allocations to alternative investments, with a focus on real estate, infrastructure and private equity;
    • The small-sized Canadian DB Plans (and most foundations) have been slow to diversify into alternative investments, but recognize the need to do so.
    • See here for an overview by Greenwich Associates of the Canadian Institutional Investor Dynamics from 2004-2014.

OVERVIEW OF THE U.S. TRADE MISSION

In cooperation with the U.S. Department of Commerce International Trade Administration, U.S. Commercial Service, the U.S. Embassy and Consulates in Canada, you are invited to apply to join the Certified U.S. Trade Mission. The Mission will introduce a small, select group of U.S. private equity, private debt, venture capital, hedge fund, real estate and infrastructure fund managers to meet pre-screened Canadian pension funds and other institutional investors, as well as single- and multi-family office investors. The Mission is certified by the U.S. Department of Commerce, and organized by Katsof Consulting.

The Certified U.S. Trade Mission is not a conference. Rather, it is a tightly structured and focused fund-raising event, designed to provide U.S. alternative investment managers the opportunity to meet potential LPs in Canada from institutional investors and family offices.

Certified U.S. Trade Missions and similar events supported by the U.S. Commerce Department have attracted top funds from the U.S. Click here to see some of the funds that have attended in the past.

GP Delegate Selection Criteria

Attendees must be invited to participate in this Mission. Invitees represent a select group of top U.S. private equity, private debt, venture capital, hedge funds, real estate and infrastructure fund managers. The group will consist of senior executives and have a mix of GPs with diverse investment strategies, sector focuses, and geographic preferences.

Attendance in the Certified U.S. Trade Mission to Toronto, Canada is limited to 12 U.S. Funds and a maximum of 18 participants from these Funds, to maximize the level of overall access and one-on-one meeting opportunities with the investor attendees. Based on past interest and participation, we expect demand to be very high. Attendees will be accepted on a rolling basis up until the deadline of September 20, 2015.

Alternative investment firms will be selected according to the following criteria:

  • Minimum AUM of $200 million
  • Diverse investment strategies, sector focus, and/or geographic preferences.
  • Industry-leading performance history.
  • Sound management and institutional-quality best practices.

The Mission will provide:

  • A broad range of U.S. alternative investment fund offerings to Canadian LPs.
  • An opportunity to meet Canadian institutional LPs from pension funds, endowments and foundations, as well as family offices.
  • A forum to exchange ideas and strategies with Canadian investors, other U.S.-based fund managers, and policy-makers from both Canada and the U.S.
  • Opportunities for intimate interaction between U.S. GPs and Canadian LPs (i.e., one-on-one meetings).

Benefits to Fund Managers

  • Exposure to top-level Canadian investors in an exclusive setting.
  • Opportunity to gain knowledge about Canadian investors’ specific needs.
  • Serve as a delegate in a U.S. government initiative aimed at promoting the nation’s leadership in alternative investments to foreign institutional investors.
  • Showcase your firm’s investment expertise directly to interested investors.

Agenda

Monday October 12, 2015

Arrival in Toronto, Canada

Over night at the deluxe Omni King Edward Hotel.

No program today (Note: It is Thanksgiving in Canada on Monday October 12, 2015). Rooms are available as of 4 PM.

 

Tuesday October 13, 2015
Certified Trade Mission

8:30 – 9:00 Registration for U.S. GPs and Canadian LP Investors

9:00 – 12:00 One-on-one meetings: Members of the U.S. delegation will meet in one-on-one meetings with Investment Professionals from Canadian institutional investors and family offices

12:00 – 1:30 Buffet lunch and informal discussion continues with U.S. Fund Managers and Limited Partner Investors

1:30 Departure

NOTE: The U.S. Government, particularly the U.S. Department of Commerce and the U. S. Embassy is not involved in selecting or recruiting for this mission. Such selection and recruitment is strictly left to the mission organizer. The U.S. and foreign commercial service supports the goals of this event, but does not endorse the specific products or views of the participating organization.