TD Capital Completes Fund-of-funds

TD Capital, the private equity division of TD Bank Financial Group, completed in December 2002, the final closing of TD Capital Private Equity Investors, the first private equity fund-of-funds of its type sponsored in Canada. The fund will make investments in 20 to 30 private equity funds in North America and Europe and is comprised of institutional, high net worth and employee investors who have committed $520 million to the fund.

The fund was represented by in-house counsel Sandra Mundy, and by Davies Ward Phillips & Vineberg LLP with a team that included Jay Swartz, Sarbjit Basra, Rosemary Newman, David White and Lindsay Clements (corporate/securities), Scott Hyman (banking and regulatory matters) and Ian Crosbie and Elie Roth (tax). In the U.S., TD Capital was represented by Ropes & Gray in New York, with a team led by Bryan Chegwidden and supported by Joel Wattenbarger (corporate) and Brett Robbins (tax).