Connor, Clark & Lunn and Midstar team to offer Canadian private loans

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Connor, Clark & Lunn Financial Group said it has formed a partnership with MidStar Capital Corp. that gives investors access to directly originated Canadian private loans.

MidStar Capital lends to Canadian mid-market companies to support acquisitions, provide growth capital, refinance existing loans, facilitate succession planning and finance other strategic initiatives, according to a press release announcing the partnership. It was founded in 2016 by a team of leveraged-finance professionals.

"Financial regulations have made it harder for traditional lenders to offer highly structured loans; consequently, there is increasing demand for non-bank lenders such as MidStar Capital," CC&L Financial Group co-chief executive officer Warren Stoddart said in the release. "One of the key attractions to us in partnering with MidStar Capital is that the team worked together for over 10 years at GE Capital where they originated C$15 billion in loans to companies across Canada. That type of loan origination and credit evaluation experience is invaluable."

"Private loans are a globally well-established asset class, yet Canadian investors have had limited opportunities to participate in them,” Tanya Taggart, managing director of MidStar Capital, added.

“We are excited to partner with CC&L Financial Group to make our private lending expertise available to Canadian investors. Our initial focus will be on senior loans to mid-market companies, a market segment that we think offers particularly attractive risk-adjusted returns."

Toronto-based Connor, Clark & Lunn Financial Group is a global multi-boutique asset management company that offers a range of investment products and services to institutional, high-net-worth and retail investors.

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