TSX Private Markets Announcement
Prestige Capital is pleased to announce that Prestige Hospitality Opportunity Fund – I is now posted on the TSX Private Markets platform. We are now among a select few companies in Canada which have been…
Prestige Capital is pleased to announce that Prestige Hospitality Opportunity Fund – I is now posted on the TSX Private Markets platform. We are now among a select few companies in Canada which have been approved for this platform.
This engagement between our Fund and the TSX Private Markets connects us with sophisticated money managers, investment bankers and fund managers; many who have taken a keen interest in the hospitality industry and look at the Fund as an vehicle for entry into a sophisticated market.
Their investment would provide additional sources of capital, which can be used to help with new acquisitions and allow our individual investors to participate alongside professionally managed money.
Upon completion of the capital raise, the management of the Fund will evaluate posting the Fund’s units on the TSX PM post market platform. This would enable investors to trade their privately held units and help create liquidity in their investment.
“This is a tremendous achievement for our Prestige Hospitality Opportunity Fund – I. Accessing new pools of capital, as well as our traditional channels should enable us to grow more quickly and enable us to participate in transactions that will play an important role in the overall success of the Fund” Curtis Potyondi, President – Prestige Capital