Canada's BMO partners with Carlyle to launch investment fund

- Canadian lender BMO Financial's asset management arm said on Friday it had partnered with U.S. private equity firm Carlyle Group to broaden access to private markets for Canadian investors.

Companies often tie up with private equity firms, which typically have deeper experience navigating the private market, to boost returns on their investments. The fund will focus on secondary investments - the purchase of existing private assets from its current investors - and other investment opportunities, BMO said, adding that it will offer monthly subscriptions with "low investment minimums".

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMO partners with U.S. private equity giant Carlyle Group on investment fundBank of Montreal’s asset management arm plans to launch a private equity investment fund targeting high net-worth clients around May
Source: globeandmail - 🏆 5. / 92 Read more »

Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »