Alphi Capital Successfully Closes First Fund at $295 Million

Alphi Capital's First Fund Achieves Milestone Closure

Alphi Capital, a dedicated private equity firm in Canada, has reached a significant milestone by closing its inaugural fund, named Alphi Capital I, LP, with total commitments amounting to an impressive $295 million. This closing, which surpassed the original target of $200 million, reflects the tremendous interest and confidence from a wide array of investors.

Diverse Investor Base Driving Success

The Fund achieved backing from a broad spectrum of North American investors. These include not only pension funds and foundations but also various government agencies and family offices. The diverse mix of committed capitals highlights the robust foundation that Alphi Capital seeks to build with its investor partnerships.

Firm Commitment to Value Creation

The co-founder of Alphi Capital, Thecla Sweeney, expressed gratitude towards the investors for their trust in the firm. By stating, "Our team is dedicated to working alongside our management teams to execute our value-creation strategy and deliver exceptional returns for our investors and partners," Sweeney emphasizes Alphi Capital's commitment towards effective collaboration and shared success.

Investment Focus and Strategy

Alphi Capital is strategically focused on investing in business-to-business service firms and value-added distribution companies. The firm typically pursues initial platform investments ranging between $5 million and $10 million in EBITDA. Beyond mere financial backing, Alphi Capital partners with business founders and owners, offering invaluable tools and resources designed to facilitate rapid growth, both organically and through strategic acquisitions.

Portfolio Development

To date, Fund I has strategically invested in three companies: Da-Lee Services Inc., based in Ontario, specializes in infrastructure and environmental services, while K2 Fasteners Inc. serves as a national distributor of stainless-steel fasteners in British Columbia. Additionally, Eastbay Technologies Inc. is recognized as a leading provider of outsourced I.T. services in Ontario. Each of these companies embodies Alphi's commitment to supporting service-based industries.

Continued Support and Future Outlook

Co-Founder Andrew Fortier articulated the firm’s mission, stating, "We launched Alphi to be a great partner for founders looking to take their business to the next level." His remarks underline the supportive ecosystem that Alphi Capital aims to cultivate as it continues to grow and add value.

Expert Guidance and Advisory Partnerships

In its journey, Metric Point Capital acted as the exclusive placement agent for Alphi Capital, while Torys provided essential legal guidance. These partnerships play a crucial role in ensuring compliance and fostering growth within the competitive private equity landscape.

About Alphi Capital

Founded in 2022 and headquartered in Toronto, Alphi Capital is focused on collaborating with business founders in the service sector. Their mission is to provide not just capital but a comprehensive suite of support services tailored to drive growth.

About Metric Point

Metric Point operates as a private capital advisory firm, specializing in raising institutional capital and facilitating transactions across a variety of funding strategies. They are adept at navigating the complex terrain of alternative investment funding.

About Torys

Torys LLP is noted for its exceptional client service and boasts the most integrated cross-border legal team in the industry. It has garnered recognition for its leading services in fund formation and buyouts, showcasing its expertise in private equity law.

Frequently Asked Questions

What is Alphi Capital's main focus in investments?

Alphi Capital specializes in investing in business-to-business service firms and value-added distribution companies.

How much capital did Alphi Capital raise for its inaugural fund?

Alphi Capital raised a total of $295 million through commitments from various investors.

What types of companies has Alphi Capital invested in?

The firm has invested in businesses such as Da-Lee Services, K2 Fasteners, and Eastbay Technologies.

Who served as advisors for Alphi Capital's fund?

Metric Point Capital acted as the exclusive placement agent, and Torys provided legal counsel.

When was Alphi Capital established?

Alphi Capital was founded in the year 2022.

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