Daily News: January 22, 2013

Greypoint Capital Closes First Private Debt Fund

Greypoint Capital said it closed its first private debt fund, Greypoint Capital L.P., on January 1, 2013.

“We are deeply honored by the support of our founding investor group and look forward to exploring lending opportunities in the under-served Canadian middle-market,” said Holly Allen, president of Greypoint Capital.

Allen believes that companies with enterprise values of $100 million to $1.5 billion represent an opportunity often overlooked by specialty lenders.

“With the departure of a number of notable U.S. lenders and Canadian mezzanine lenders,” she said, “we see an opportunity to fill what we feel is a significant gap in the Canadian debt market, which of late has been focused on larger debt financings.”

Greypoint Capital is a Toronto-based specialty lender that finances Canadian middle-market companies that have a strong asset base.