The 2019 PCMA Private Capital
Markets Eastern Awards
It’s an Event within an Event!
n important and highly
coveted part of the
PCMA Conference is the
presentation of the
PCMA Private Capital
Markets (PCM) Awards.
These are the only national industry
awards for private capital markets! It
was hosted this year by Andrew
McCreath, markets commentator at BNN
Bloomberg and the host of ‘Weekly with
Andrew McCreath’, a Weekly show now in
its 7th year. McCreath also manages his
hedge fund business, Forge First Asset
Management, where he’s CEO, CIO & the
UDP. Also, on the main stage handing out
the crystals, is PCMA Chair, Frank
Laferriere, COO, Portland Investment
Counsel Inc and PCMA Director Stephen
Warden, MNP.
The PCM Awards are the first of its kind
to recognize the outstanding achievements by our PCMA members across
Canada. We are committed to shining the
spotlight of success on the stars of the
private capital markets and honouring
these industry leaders. Our members are
bright, savvy dealers, issuers, lawyers and
other private capital markets professionals, who navigate the private capital world
from coast to coast.
They are engaged every day in helping to:
• Finance entrepreneurs, innovators and
startups
• Inject capital to transition businesses
• Support and grow emerging small and
medium sized businesses
• Create successful private market
investment opportunities for Canadians
Recipients of the 2019 PCMA
Private Capital Markets
Eastern Awards
REAL ESTATE - DEVELOPMENT
Portland Investment Counsel
Bay and Scollard Development Trust
This is an example of our member providing
investors with the opportunity to co-invest
alongside a world-class developer (Lanterra
Developments Ltd) and institutions and
participate in a development in a quality
location (near the Four Seasons Hotel in the
Yorkville area of Toronto).
REAL ESTATE - DEVELOPMENT
Cranson Capital Securities
Plaza Land Fund
Cranson Capital raised $20 million from more
than 200 individual investors for the Plaza
Land Fund to purchase a diversified portfolio
of income producing properties with significant development potential. The Plaza Land
Fund acquired a residential apartment
building in Forest Hill, an office building with
excess land at Don Mills/Eglinton and a
commercial building at the Waterfront, each
with high potential for future development.
The properties are cash flowing with conservative leverage, providing capital preservation
while the Fund waits for each site to appreciate
over time. Subsequent to the closing of the
transaction, the Waterfront property was
incorporated into the planning jurisdiction for
Google and Waterfront Toronto’s Quayside
Sidewalk Labs development. The Don Mills
property sits adjacent to the future LRT
station at Don Mills/Eglinton and the Forest
Hill property has been incorporated into a
broader land assembly that is being sold to
developers this year generating over 125%
return for investors in less than 3 years.
HEALTHCARE FUNDING
POWERONE Capital Markets Limited
AKUMIN Inc.
This is a classic illustration of an exempt
market dealership stepping up to help an
issuer access capital to build out a long-term
business strategy to take advantage of a
market opportunity – and paving a path to
ultimately take the company to the next level of
the capital markets. In this instance, a market
consolidation opportunity was identified by
Akumin in the outpatient medical imaging
industry in the United States. Akumin has
successfully acquired and integrated many
smaller operators in its state-of-the art
operating platform driving cost efficiencies
and enabling organic growth through its
increased scale and investments in technology.
Akumin recognized this trend several years
ago, and tapped one of PCMA’s members,
PowerOne to coordinate more than US$
54mm in financing in less than a year.
PowerOne’s platform was able to obtain private
financing for Akumin to successfully close few
large acquisitions and several tuck-in
acquisitions – which allowed the company to
execute on its business strategy and pursue a
public listing with a syndicate of IIROC
dealers. Today Akumin has revenues and a
market cap each in excess of US$200 million.
An excellent outcome for investors, the capital
markets and the company.
MORTGAGE FUND
Waverley
Mortgage Company of Canada
Mortgage Company of Canada provides
investors with an opportunity to access a
diversified portfolio of first and second
mortgage loans to generate cash flow for their
portfolios. The fund invests in a large number
of low duration loans, with an average funding
size of $326,000 and an average portfolio
duration of less than six months. Mortgage
PCMA EVENTS
52 THE PRIVATE INVESTOR | FALL + WIN TER 2019
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