{"id":15090,"date":"2010-04-15T05:15:27","date_gmt":"2010-04-15T09:15:27","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=15090"},"modified":"2010-04-15T05:16:06","modified_gmt":"2010-04-15T09:16:06","slug":"salida-capital-launches-natural-resources-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2010\/salida-capital-launches-natural-resources-fund.html","title":{"rendered":"Salida Capital Launches Natural Resources Fund"},"content":{"rendered":"<p>New York (H<a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/soilmap1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-15092\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/soilmap1-300x251.jpg\" alt=\"\" width=\"300\" height=\"251\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/soilmap1-300x251.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/soilmap1.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>edgeCo.net) &#8211; Canadian alternative investor and fund of hedge fund manager, Salida  Capital, is launching a private equity fund focused on the natural  resources space. The fund\u2019s official marketing period will begin in May  and continue for a 6 to 8 month period, or until it has hit its targeted  maximum capital commitment.<\/p>\n<p>\u201cWe\u2019re extremely excited about the opportunities we see for our private  equity fund,\u201d Courtenay Wolfe, President &amp; CEO of Salida Capital,  said. \u201cIt\u2019s an area we\u2019ve been planning on venturing into for awhile,  and we are pleased to announce that we have already secured a $100  million seed investment for the fund prior to its official launch.\u201d<\/p>\n<p>&#8220;We manage our funds within a disciplined risk management framework that  has predetermined limits on the percentage of privates that can be held  in a fund,\u201d Ms. Wolfe said. \u201cMany of our investors have asked for a  longer term time horizon for investing, wishing to access some of the  great private investment opportunities we are seeing in the natural  resources space.\u201d<\/p>\n<p>The anchor investment comes from Bill Gallacher, President and CEO of  Avenir Capital. Gallacher has been involved with the start-up of a  number of junior energy companies in Calgary and currently sits on the  board of directors of Athabasca Oil Sands Corporation, as well as Maxim  Power Corp., Mahalo Energy Ltd., Black Diamond Group Inc. and Avenir  Diversified Income Trust.<\/p>\n<p>\u201cMy relationship with Salida goes back many years. I\u2019m a huge supporter  and friend of the firm and am optimistic about the future of this  relationship.\u201d Gallacher said.<\/p>\n<p>Salida Capital manages approximately $650 million for a growing global  client base of family offices, high net worth individuals, institutions  and fund of hedge funds. Salida said they are also looking to add an oil  &amp; gas analyst to  their  investment team in the upcoming weeks.<\/p>\n<p>Editing by Alex Akesson <br \/>For <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Canadian alternative investor and fund of hedge fund manager, Salida Capital, is launching a private equity fund focused on the natural resources space. The fund\u2019s official marketing period will begin in May and continue for a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,9,3],"tags":[],"class_list":["post-15090","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-launches","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=15090"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15090\/revisions"}],"predecessor-version":[{"id":15094,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15090\/revisions\/15094"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=15090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=15090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=15090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}