Latest News

Westcap Announces Fund III, the Largest Private Equity Raise of $265 Million by a Saskatchewan-based Fund Manager

Westcap Mgt. Ltd. (“Westcap”), is pleased to announce the oversubscribed close of Westcap MBO III Investment LP (“Fund III” or the “Limited Partnership”) which represents a significant increase in Westcap’s assets under management. Upon its launch in spring 2021, Fund III targeted a minimum raise of $150 million which represented an increase from previous Funds in the series.

PRESS RELEASE: Westcap Invests in Largest Agriculture Equipment Dealer in Canada

Westcap Mgt. Ltd. (“Westcap”) is pleased to announce its recent investment in Rocky Mountain Equipment (“RME” or the “Company”). The transaction was completed in syndication between Westcap MBO II Investment LP and Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund, both funds are managed by Westcap.

Business in the Time of COVID-19 and Beyond

On July 7, 2020, armed with public health guidelines and plenty of hand sanitizer, we gathered business leaders from various sectors across the province to discuss business in Saskatchewan—from the “new normal” to what lies ahead. Led by Wanda Hunchak, Executive Vice President of Westcap Mgt. Ltd., a local investment fund manager that, over the past three decades, has invested more than $1 billion into over 200 Saskatchewan companies through its diverse funds, including Golden Opportunities Fund and the Westcap MBO Private Equity Funds.

Westcap Sends Virtual Hugs to Long-term Care Residents Across the Province

COVID-19 has left many seniors in long-term care homes feeling lonely and disconnected from their families and friends. To help reconnect our residents to their families, the Saskatchewan Health Authority (SHA) has partnered with Westcap Mgt. Ltd. (Westcap) to help them reconnect virtually.

G-Mac’s AgTeam and Cavalier Agrow Merge to Better Serve Their Customers

G-Mac’s AgTeam LP (“G-Mac’s AgTeam”) is excited to announce that it has entered into an agreement to merge Cavalier Agrow Ltd. (“Cavalier”) into G-Mac’s AgTeam, bringing together two innovative, long-standing and successful crop input retailers in Saskatchewan’s agriculture sector. On a combined basis, the two businesses will serve Saskatchewan through its 14 locations and 130 employees, in communities across Saskatchewan that span as far north as Meadow Lake and as far south as Leader.

Golden Opportunities Investment Keeps Local Export Leader Rooted In Saskatchewan

Golden Opportunities Fund Inc. (“Golden”), Saskatchewan’s local investment Fund, is pleased to announce its recent investment in Degelman Industries LP (“Degelman” or the “Company”) which was completed in syndication with the Westcap MBO II Investment LP (the “MBO II Fund”), both funds are managed by Westcap Mgt. Ltd.

MBO Investment in Long-standing Excavating Company: Maxie’s Excavating LP

Westcap Mgt. Ltd. (“Westcap”) is pleased to announce it has closed the second investment transaction for the Westcap MBO II Investment LP (the “MBO II Fund”), the management buyout of Maxie’s Excavating LP (“Maxie’s” or the “Company”). The MBO II Fund, in syndication with Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund also managed by Westcap, funded the transaction investing a total of $17.84 million in aggregate.

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