Overbay Fund XVI completes US$20.8M private placement of convertible trust and limited partnership units

On August 17, 2022, Overbay XVI completed its US$20.8 million private placement of convertible trust and limited partnership units. The offering was led by Richardson Wealth as agent.

Overbay Capital Partners is a private equity secondaries firm, headquartered in Toronto, Ontario.

Richardson Wealth is a leading independent wealth manager headquartered in Toronto, Ontario.

McCarthy Tétrault advised Richardson Wealth with a team led by Andrew Armstrong that included Michael Eldridge and Paul Santache (Business).