CFI Capital Inc., a subsidiary of Toronto based Corpfinance International Ltd., a specialist in providing customized medium and long-term structured and infrastructure debt and equity financing solutions for private and public corporations, launched the $80 million CFI Infrastructure Opportunities Fund on November 4, 2004. Limited partners of the Fund included Ontario Teachers’ Pension Plan Board, Teachers’ Retirement Allowances Fund (Manitoba), Kilmer Van Nostrand and the Canadian Medical Protective Association. The Fund was structured as a limited partnership under the laws of Manitoba.
The Fund was established to invest in a diversified portfolio of private mid-market infrastructure projects including power generation plants, water and waste treatment plants and other infrastructure projects with the public sector and private industry across Canada. Prior to the launch of the Fund, Kilmer Van Nostrand completed an investment in CFI Capital.
CFI Capital and the Fund were represented on both transactions by John L. Burns, senior vice-president & general counsel of Corpfinance, and a team from Gowling Lafleur Henderson LLP led by Jason Saltzman and including Karyn Bradley, Troy Krushel, Albert Contardi and Tim Wach (tax). CFI Capital and the Fund were also represented by Thomas Kormylo and Scott Ransom of Pitblado LLP in Manitoba.
Kilmer Van Nostrand was represented by David Matlow and Jennifer Sernaker of Goodmans LLP. Ontario Teachers’ Pension Plan Board was represented in-house by Michael Padfield, senior legal counsel, investments, and a team at Torys LLP of Peter Ballantyne and Michael Pickersgill (corporate) and James Welkoff (tax).