Vancouver, BC, January 5, 2006
-
Leading Private Equity Fund Second City Capital Adds to
Investment Team
Second City Capital
Partners, a leading Canadian private equity fund, has
announced that Richard Osborn has joined the firm as
Partner. Richard will focus on deal generation and
portfolio management for companies based in Canada and
the Western United States. Richard will be based in
Vancouver, B.C.
"We are
particularly fortunate to have Richard joining our
team. Richard is well known to entrepreneurs and
investors in Canada and the U.S. and will help to
attract and evaluate quality investment opportunities
across various industries" says Sam Belzberg, Chairman
of Second City Capital Partners. "His hiring highlights
our continued commitment to finding, funding and helping
develop world class companies across Canada and the
U.S."
Second City Capital
Partners was officially launched in 2004 with over $US
100 Million in committed capital. The fund invests in
both private and public middle market companies and
investments are typically made in the form of equity or
equity-like instruments, mezzanine loans, bridge loans,
or a combination thereof.
“I’m very excited to be joining
the team” says Osborn. “The private equity field is
crowded these days but the team at Second City really
has a winning formula. They are focused, hard working,
have great contacts to help companies and to top it off,
their track record is at or near the top among their
peers. I look forward to overlaying my own skills and
network to help make the group even more successful”.
Prior to joining Second City
Capital Partners, Richard was a Managing Partner with
Greenstone Venture Partners, an institutional venture
capital fund he co-founded. Richard led investments
across the IT sector in Canada, the U.S. and Europe.
Prior to founding Greenstone, Richard was Investment
Manager for two venture capital funds within the
Business Development Bank of Canada, with a combined
$200 Million commitment. Richard has degrees from UBC
and Queen's University.
The addition of Richard strengthens the Second City
Capital Partners’ Investment team in Vancouver. In
addition to Osborn and Belzberg, the team also includes
Chris Wallace and CFO Johnny Ciampi. Belzberg and Ciampi
also lead activities for Gibralt Capital, a special
situation and real estate focused investment company
that continues to invest across North America.
About Second City
Capital Partners
Second City Capital Partners is a
private equity fund staffed and funded by some of North
America’s leading investors. With $US 100 Million in
committed capital, Second City Capital Partners takes an
opportunity focused, value-oriented approach to
investment with a strong emphasis on management team
strength, financial discipline and market position. The
fund invests across industries with a particular
emphasis on mid market opportunities requiring $2.5 to
$25 Million in capital. Larger amounts can be provided
through an extensive Limited Partner and co-investor
network. Second City targets companies based in Canada
and the United States. See
http://www.secondcitycapital.com
For more information:
Please contact Chris Wallace at
604-806-3350 or
cwallace@secondcitycapital.com
or Richard Osborn at 604-806-3350 or
rosborn@secondcitycapital.com
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