Press Releases
Manitobah PDF Print E-mail

CAPE Fund L.P. Announces an Equity Investment in Manitobah Mukluks

MONTREAL, July 14, 2010 – CAPE Fund L.P. (“CAPE Fund” or the ”Fund”) announced today that on June 30th, 2010, it completed a common equity investment in Blue Moose Clothing Company Ltd. operating under the “Manitobah” brand name (“Manitobah” or the “Company”). The Company will use the net proceeds from the offering to fund working capital and for other general corporate purposes. The financial terms of the transaction were not disclosed.

Manitobah is a Winnipeg, Manitoba based, Métis (aboriginal) owned manufacturer of native designed mukluks, moccasins and related fashion accessories, making major headway in the global footwear and giftware marketplaces.(www.manitobah.ca). Combining traditional native inspired design into “Made in Canada” products of superior quality and versatility, Manitobah has been able to develop a unique story that is igniting a hugely positive response from retailers and distributors around the world.

“CAPE’s investment will provide the working capital to allow Manitobah to continue to pursue its aggressive growth strategy. This new partnership will bring us both capital and business support which aligns with our commercial goals and our commitment to the Aboriginal community”, stated Manitobah’s President and majority owner, Sean McCormick.

As part of the Fund’s investment, its Director, Alex Farley, will be joining the board of directors of the Company.  “CAPE Fund is extremely pleased to be a partner in this Company and support Sean and his staff in continuing to build Manitobah into a truly global brand”, said Mr. Farley.


About CAPE Fund L.P.

CAPE Fund is a $50 million private-sector investment fund founded by the family of the Right Honourable Paul Martin and 21 of Canada’s leading companies, individuals and international Foundations, whose visionary leadership has supported the creation of the Fund and its novel approach to encourage increased Aboriginal participation in Canada’s economy.

CAPE Fund is focused on mid-market opportunities with a strong degree of Aboriginal involvement and connection to Aboriginal communities throughout Canada. CAPE Fund's mission is to further a culture of economic independence, ownership, entrepreneurship, and enterprise management among Aboriginal peoples, on or off reserve through the creation and growth of successful businesses. For more information, including a complete list of disclosed investors, please visit www.capefund.ca.

 
One Earth Farms PDF Print E-mail
CAPE Fund L.P. Announces $3 Million Investment in One Earth Farms Corp.


MONTREAL, January 22, 2009 – CAPE Fund L.P. (“CAPE Fund” or the ”Fund”) announced today that on December 23, 2009, it  completed a $3 million investment in common shares of One Earth Farms Corp. (“One Earth Farms” or the “Company”) as part of a $15 million strategic financing. Other investors include Ag Growth International (TSX:AFN), a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment and Alliance Grain Traders (TSX:AGT), the largest lentil and pea splitting company in the world.  One Earth Farms is a subsidiary of Sprott Resource Corp., which founded the Company and which has been instrumental in facilitating the completion of the subject financing.

One Earth Farms, working together with its First Nations’ and key strategic agricultural sector partners in Alberta, Saskatchewan and Manitoba, intends to become Canada’s largest, most efficient operating farm. Combining professional management and access to large tracts of world-class farmland will allow the company to achieve significant economies of scale and position it well to benefit from global trends impacting the demand and supply for agricultural commodities. A key consideration of CAPE Fund’s investment is One Earth Farms’ commitment to initiate job training programs and provide employment opportunities to help teach sustainable farming practices to future generations of First Nations’ persons.  In addition to capacity building, the partnership is structured so as to provide real potential to generate economic wealth for all participating First Nations.

“This transaction, CAPE Fund’s first investment, will support a unique model for Aboriginal business, allowing First Nations to participate actively and with a strong degree of influence in helping to build a successful, world-class enterprise”, said the Right Honourable Paul Martin, Chairman of CAPE’s Investment Committee and a founder of the Fund.

As part of the Fund’s investment, its Managing Director, Peter Forton, will be joining the board of directors of One Earth Farms.  “CAPE Fund is extremely pleased to be an active part of this innovative model and we look forward to working with the Company and our First Nations’ partners to facilitate the training and participation, in a meaningful way, of First Nations groups and individuals as key productive assets in the future growth and success of the Company”, said Mr. Forton.



About CAPE Fund L.P.

CAPE Fund is a $50 million private-sector investment fund founded by the family of the Right Honourable Paul Martin and 21 of Canada’s leading companies, individuals and international Foundations whose visionary leadership has supported the creation of the Fund and its novel approach to encourage increased Aboriginal participation in Canada’s economy.

CAPE Fund is focused on mid-market opportunities with a strong degree of Aboriginal involvement and connection to Aboriginal communities throughout Canada. CAPE Fund's mission is to further a culture of economic independence, ownership, entrepreneurship, and enterprise management among Aboriginal peoples, on or off reserve through the creation and growth of successful businesses. For more information, including a complete list of disclosed investors, please visit www.capefund.ca.


For further information, please contact:
Peter Forton
Managing Director
Tel: (514) 982-3905
 
FORMER PRIME MINISTER PAUL MARTIN ANNOUNCES THE LAUNCH OF A $50 MILLION FUND TO PROMOTE ABORIGINAL BUSINESS AND ENTREPRENEURSHIP PDF Print E-mail
CAPE Fund aims for dual financial and social returns

March 11, 2009   -- Press Release.

Private Equity firm, CAPE Fund Management Inc. today announced a $50 million closing of CAPE Fund L.P. The Fund is the initiative of the Rt. Honourable Paul Martin and his son David Martin, who managed the process, taking it from a vision to reality and guiding it to a successful closing.

The Fund’s investors include many of Canada’s largest corporations, international foundations and private individuals. According to the former Prime Minister, "When I first approached the investors who are now part of CAPE Fund, I promised them nothing but a major effort at demonstrating that entrepreneurship and the role models it creates would make a difference in the lives of this and future generations of aboriginal Canadians. I cannot tell you how proud I am of the investors’ response, particularly in these difficult times.  We all have a responsibility to make our country a better place.  This is what motivated them. They recognized their responsibility, they recognized the need, and more than that they recognized that their leadership might help tip the balance.  Such is the stuff of society’s progress.”

The Fund’s sole investment focus will be to partner with Aboriginal groups and individuals to promote Aboriginal business, entrepreneurship and prosperity.  Fund management will work closely and pro-actively with its investee partners to ensure that appropriate governance, management, capital and network resources are brought to bear to successfully grow businesses and thereby generate both important social returns as well as acceptable risk adjusted financial returns for the Aboriginal communities involved.
“The creation of CAPE Fund reflects an emerging era of socially responsible investing, wherein knowledgeable investors realize that goals of generating financial returns, while concurrently generating positive social impact through business investment, are not mutually exclusive but often very much aligned,” says Peter Forton, Managing Director of the Fund.

Fund investments will generally be between $1 million and $7.5 million in the aggregate, per investee. These may occur in one or more rounds of investment.  Aboriginal businesses anywhere in Canada are eligible.  The Fund will invest in virtually all business segments albeit with some sector restrictions.  The Fund will proactively seek out both financial and industry partners to facilitate and accelerate the growth of its investee companies.   Fund Management is supported by an Investment Committee which includes, in addition to the Right Honourable Paul Martin and David Martin, successful Aboriginal and non-Aboriginal business people with significant experience and broad contact networks (see attached biographies). The Investment Committee will be an important resource to the Fund Manager in achieving its mission and objectives.

CAPE Fund will remain open to additional new investors for up to six months.

About CAPE Fund Management Inc.
Founded in 2008, CAPE Fund Management Inc. is headquartered in Montreal and manages the investment activity of CAPE Fund L.P. The management team is led by two partners, Peter Forton and Alex Farley, who together have over forty years experience in the Private Equity, Venture Capital and Investment Banking marketplaces at both regional and national levels.

Media Contact(s):
Peter Forton, Managing Director, CAPE Fund Management Inc.     514-982-3905
Lucie Santoro, Administrative Director, Martin Aboriginal Initiative   514-982-3911, cell: 514-758-9978