Middlefield Group launches C$110M Middlefield Global Real Assets Fund

Date Closed

November 26, 2019

Lead Office

Toronto

Value

110.00 Million CAD

On November 26, 2019, Middlefield Group completed the C$110 million launch of the Middlefield Global Real Assets Fund. The fund's objectives are to provide stable monthly cash distributions and enhanced long-term total return through capital appreciation to its holders. The fund has raised the most capital of any closed-end fund IPO in several years and provided for a unique combination of investments in both public securities and private assets.

The fund was completed through a syndicate of agents co-led by CIBC Capital Markets and RBC Capital Markets, which included BMO Capital Markets, Scotiabank, TD Securities Inc., Canaccord Genuity Corp., Industrial Alliance Securities, National Bank Financial Inc., GMP Securities L.P., Manulife Securities Incorporated, Raymond James Ltd., Middlefield Capital Corporation, Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.

Middlefield Group creates and manages specialized investment products for individual and institutional investors.

McCarthy Tétrault LLP advised the syndicate of agents with a team led by Andrew Armstrong that included Michael Eldridge, Mariko Rivers (Securities) and Gabrielle Richards (Tax).

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