Richardson Financial Creates Private Equity Fund

On June 2, 2004, Richardson Financial Group Ltd., a wholly-owned subsidiary of James, Richardson & Sons Ltd., launched its first private equity fund and raised aggregate commitments of $325 million from institutional and individual investors in Canada and the United States. The private equity fund was structured as three separate Manitoba limited partnerships. Each investor became a limited partner in one or more of the partnerships on making its commitment. Investments for the partnerships will be selected by RFG Management Ltd., the principals of which are Hartley T. Richardson, H. Sanford Riley, Robert G. Puchniak, Jean-Guy Gourdeau and David G. Brown.

Richardson Financial was represented in-house by David G. Brown; assisted in Canada by Blake, Cassels & Graydon, with a team that included Michael Sharp, Paula Sawyers and David Moon (corporate and securities) and Jeffrey Trossman and Bryan Bailey (tax); and in the US by Nixon Peabody, with a team that included Charles Jacobs, John Koeppel and Mary Ellen O’Mara (corporate and securities) and Christian McBurney (tax).