AGF and SAF Refine Long-term Partnership
19 Août 2021 - 2:00PM
AGF Management Limited (AGF) announced today an evolution of its
strategic partnership with the SAF Group (SAF) following the
successful launches of two connected offerings, AGF SAF Private
Credit Limited Partnership and AGF SAF Private Credit Trust. This
partnership is focused on providing investors access to unique
private alternative opportunities leveraging AGF’s operations and
distribution reach coupled with SAF’s private credit investment
management expertise.
“Following the positive interest from our strategic partners to
the launch of our innovative private credit offerings, we are
thrilled to be the exclusive provider of SAF’s investment
capabilities and expertise in Canada to the retail marketplace,”
said Judy Goldring, President and Head of Global Distribution,
AGF.
AGF began partnering with SAF in 2014 with AGF acting as a
cornerstone investor in Stream Asset Financial Management Limited
Partnership. AGF has subsequently also invested in the SAF Jackson
Private Debt SPV and further expanded the relationship with the
launch of the private credit funds earlier this year. The
distribution agreement between AGF and SAF positions both firms
well to capitalize on the expected growth in private credit
investments by combining the expertise of SAF Group, one of
Canada’s leading alternative capital providers, with AGF’s
operational scale and expertise, strong brand, product innovation,
client servicing and distribution excellence.
“We are excited to continue our long-term relationship with AGF
as partnering has unlocked crucial additional capacity for SAF’s
investment management personnel while also capitalizing on the
operational scale, tenure and credibility of a firm like AGF,” said
Ryan Dunfield, Founder and CEO, SAF Group. “Maximizing our reach
through our partnership with AGF affords us the ability to expand
our client base while remaining focused on the origination and
management of our investments and LPs to deliver long-term success
for our investors as we continue to grow.”
In conjunction with the previously announced fund launch,
AGF and SAF have agreed to a definitive agreement along with a
distribution arrangement as an alternative to AGF exercising its
option to acquire management contracts of select SAF funds.
“We believe that by determining the key elements of the
partnership and having SAF remain an independent firm focused on
credit analysis and investment management, we have achieved an
optimal arrangement between our two firms. Partnering with the
outstanding team at SAF is a key focus as we work to realize our
strategic vision for our private alternatives business – one that
combines offering diversified capabilities and products across
multiple planks alongside participation as a core investor
delivering added value for the firm’s shareholders,” said Kevin
McCreadie, Chief Executive Officer and Chief Investment Officer,
AGF.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent
and globally diverse asset management firm. AGF brings a
disciplined approach to delivering excellence in investment
management through its fundamental, quantitative, alternative and
high-net-worth businesses focused on providing an exceptional
client experience. AGF’s suite of investment solutions extends
globally to a wide range of clients, from financial advisors and
individual investors to institutional investors including pension
plans, corporate plans, sovereign wealth funds and endowments and
foundations.AGF has investment operations and client servicing
teams on the ground in North America, Europe and Asia. With over
$42 billion in total assets under management and fee-earning
assets, AGF serves more than 700,000 investors. AGF trades on the
Toronto Stock Exchange under the symbol AGF.B.
About SAF Group
Founded in 2014, SAF Group (SAF) is one of Canada’s leading
alternative capital providers specializing in bespoke financial
products and having committed in excess of $2.0 billion in
transactions investing across 40+ transactions to date. SAF’s
credit-focused team manage assets in capital intensive industries
that are scalable across various industries.With 30 professionals
across offices in Calgary, Alberta and Vancouver, British Columbia,
SAF Group leverages a team of resource specialists, in-house
research and operations teams, in addition to a deep bench of
investment professionals to provide flexible and long-term capital
solutions to public and private corporations while providing stable
and attractive risk-adjusted returns for investors.
Media ContactAmanda Marchment Director,
Corporate Communications 416-865-4160 amanda.marchment@agf.com
AGF Management (TSX:AGF.B)
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