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  • Longbow Capital Completes Initial Closing of Longbow Energy Transition Fund with $ 114 Million in Committed Capital

Longbow Capital Completes Initial Closing of Longbow Energy Transition Fund with $ 114 Million in Committed Capital

By on November 4, 2021 0

CALGARY, AB, November 4, 2021 / CNW / – Longbow Capital, a Calgary private equity investment manager based with an experience of 24 years or so $ 680 million of Assets Under Management announces the initial closing of the Longbow Energy Transition Fund (the “Fund”) with $ 114 million capital commitments from leading institutional and family office investors. BDC Capital, TD Bank Group and Caterpillar Ventures are key investors in the Fund.

Longbow Capital Inc. is a private investment manager based in Calgary, Alberta, investing in energy, power, infrastructure and technology. (CNW Group / Longbow Capital)

The Longbow Energy Transition Fund has a total funding objective of $ 150 To $ 200 million and is expected to complete its final closing this fall. The Fund’s North American mandate is to invest in companies that should benefit from the dynamics of the energy transition, with a focus on companies that contribute to reducing carbon emissions through efficient, profitable and respectful solutions. of the environment.

Tyson birchall, Managing Director, commented: “The world has spent the last 250 years and hundreds of billions of dollars developing the current global energy infrastructure, which is still 83% fueled today by hydrocarbons. Governments, capital markets and large corporations are committed to fundamentally reshaping this energy system over the next three decades. It will undoubtedly be the biggest theme of capital spending for the foreseeable future and an ideal environment to develop innovative next generation businesses that have the capacity to help the world reach its goal. “

In support of the Fund’s investment strategy, Longbow is also pleased to announce the addition of five distinguished members of the Industry Advisory Board who bring a diverse set of experiences and relationships that will be invaluable during research and evaluation of opportunities.

  • Radha curpen, Vancouver, British Columbia – Radha is Managing Partner in Bennett Jones’ Vancouver office and Co-Director of Environmental Law and Indigenous Law Practice at the firm. With over 30 years of legal and advisory experience, Radha specializes in providing strategic advice to clients related to the environment, relations with indigenous communities, broader ESG issues, gender issues. and the handling, transportation and sanitation of hazardous materials. Radha is admitted to the bars of British Columbia, Ontario, new York and Manitoba. She advises clients through Canada in both official languages.

  • Irfhan Rawji, Calgary, Alberta – Mr. Rawji is an experienced institutional private equity investor, having previously worked with McKinsey & Company, Birch Hill Equity Partners, Onex Corporation and in his current role as Managing Partner of Relay Ventures. Irfhan holds an MBA with first class honors from Harvard Business School, where he was Baker Scholar, and a BCom with high honors from the University of British Columbia, where he was a Wesbrook Fellow.

  • Dan Balaban, Calgary, Alberta – Mr. Balaban is the co-founder and CEO of Greengate Power, one of the oldest and most successful private renewable energy developers in Western Canada, having completed the development of the largest wind farm ever built in Alberta and is currently leading the development of the largest solar farm development in Canadian history. Dan was a serial entrepreneur and previously worked as a management consultant for two of the Big Four accounting firms. Dan obtained his Bachelor of Science degree from University of Toronto.

  • Larry kelly, Palo Alto, California – Mr. Kelly is a serial entrepreneur and has worked in many aspects of the information technology industry. He currently chairs the Energy Special Interest Group for the Band of Angels, a California start-up investment group that was established in 1994 and has over 165 members, including many leaders California based venture capitalists and investors. Mr. Kelly obtained a BS in Mechanical Engineering and an MS in Nuclear Science and Engineering from MIT and an MBA from Harvard.

  • Amy West, New York, New YorkAmy West is Managing Director and Global Head of the Sustainable Finance and Corporate Transitions team at TD Securities. In her role, Amy works with businesses and institutional clients across the World Bank and markets to provide environmental, social and governance advice and solutions. Prior to joining TD in 2013, Amy worked at HSBC and RBS in investment banking and debt capital markets. Amy received her Bachelor of Science degree from Miami University, where she was a Oxford learned.

Lily lam, Director of Fund Investments at BDC Capital, said, “A greener future is on the horizon. It is very important for BDC Capital to support the transition to a low carbon economy in accordance with from Canada goals of the Paris Agreement and we are delighted to do so with an established growth capital investor in the “. Fund” sector.

“With our investment in the Longbow Energy Transition Fund, we are pleased to support entrepreneurs who will help advance the energy transition,” said Drew MacIntyre, Vice-President, TD Securities. “This investment is made possible through TD Ready Commitment, the Bank’s corporate citizenship platform, which supports the transition to a low-carbon future and helps build a more sustainable future.

Robinson Art, Managing Director, added: “This is a very exciting time to invest in the energy transition space. There has been a fundamental shift in the way energy producers, consumers and capital markets view energy. it is clear that this will be a significant long term investment opportunity. “

About Longbow Capital
Longbow Capital is a Calgary private investment manager founded in 1997 and a leading investor in the Canadian energy and energy technology sector. Longbow currently has approx $ 680 million assets under administration covering many aspects of the energy and power sector, including power and power generation, infrastructure, services and technology. Visit longbowcapital.com

About BDC Capital
BDC Capital is the investment arm of BDC- from Canada the only bank dedicated exclusively to entrepreneurs. With over $ 3 billion Under management, BDC Capital serves as a strategic partner for the country’s most innovative companies. It offers a full suite of venture capital, from start-up investments to bridging capital, supporting Canadian entrepreneurs who wish to transform their businesses into global champions. Visit bdc.ca/capital.

About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the fifth largest bank in North America in terms of assets and serves more than 26 million customers at three key companies operating in a number of locations in financial centers around the world: Canadian Retail, including including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; US Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) and an investment in The Charles Schwab Corporation; and Wholesale Banking Services, including TD Securities. TD is also one of the world’s leading online financial services companies, with more than 15 million active online and mobile customers. TD Bank had C $ 1.7 trillion in assets as of July 31, 2021. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York stock exchanges.

SOURCE Longbow Capital



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