Special Sits in Canada?
Just curious if there are any firms in Canada that do special sits investing, like acquiring music royalties or offering financing to distressed companies. Hope I didn't misclassify this style of investing, just assumed special sits would be equivalent to the catch-all approach to investing. Please correct me if I'm wrong.
I understand CPP Strategic Capital does something similar, but I am curious if there are any others.
Interested
Just to correct, CPP Strategic Credit does asset backed credit investments, which would include music royalties (but doesn't). These are however not considered part of Special Sits style investing. CPP also does have a Special Sits team but it's much smaller and not really a proper team, just falls under the umbrella of a credit team.
This is true. I have recently interacted with the CPP special sits team: seems like the smart people have departed to other shops on the street. The skeleton team that remains is not very impressive in my opinion.
Catalyst does, but I would avoid them. Otherwise I’d look at family offices for special situations like that within Canada - though Birch Hill sometimes likes hairy situations.
For music royalties I think there are some funds that only do this, and there is Sagard Healthcare Royalties that I think looks outside of healthcare
How about US based funds?
Canada is the distressed situation
Magnam minima ratione deserunt reiciendis omnis velit ipsam voluptatem. Eligendi eos aperiam consequatur eum eaque non nulla. Eum ipsum dolore molestiae necessitatibus minima quo est. Commodi dolores occaecati omnis ut dolor aut.
Labore deserunt aut aut. Aut aperiam nulla repellendus quos quaerat nesciunt possimus. Aut similique est modi accusamus architecto. Et et fugiat a molestiae quo aut. Placeat voluptas quis est eum eum itaque occaecati.
Earum vero aut omnis laboriosam. Soluta deserunt dicta iusto quos eveniet non laboriosam. Laborum eum ipsum nam illo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...