Nicola Wealth Launches New Fund of Funds
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Nicola Wealth Launches New Fund of Funds

Nicola Wealth Management, an asset fund management firm serving the investment and financial planning needs of high net worth individuals and families across the Canada, today announced the launch of the NWM Private Equity Fund to allow its clients to gain access to private equity and mezzanine debt with a minimum investment of $25,000. The company and its principals have committed $1 million of personal capital to the new fund, which completed its initial closing this past May and remains open to investment by NWM clients.

The NWM Private Equity Fund (NWM PE Fund) is a “fund of funds” investing directly and indirectly in Canadian and global private equity and mezzanine debt, with an objective of achieving a long-term annual return that is targeted at 5% more than publicly traded equities.

The fund has already made investments in private equity funds managed by Northleaf Capital Partners, TorQuest Partners, Fulcrum Capital Partners and Headwater Equity Partners and has approved additional investments. “To reduce fees and improve returns in this asset class, we plan to co-invest with our private equity managers directly in certain opportunities that present themselves,” explained Mr. Nicola. The NWM PE Fund has been designed to have sufficient diversification to allow an individual investor to have access to partial or full liquidity for their investment after a three-year minimum investment period, subject to certain limitations. “Individual investors are normally precluded from investing in this desirable asset class due to the high minimums required by private equity managers and the preference of many managers to deal primarily with institutional investors,” said Nicola Wealth Management’s founder and CEO, John Nicola.

Nicola Wealth Management was founded in 1994 and has $1.8 billion in assets under management. The firm provides wealth accumulation, retirement and legacy planning services and expertise to high net worth individuals, institutions, and foundations across Canada. Nicola Wealth Management is based in Vancouver BC (www.nicolawealth.com).

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