MONTRÉAL, Sept. 10,
2024 /CNW/ - Walter Global Asset Management
("Walter GAM") is pleased to partner with Brightspark, an
innovative venture capital firm that invests in early-stage
Canadian tech companies. With offices in Montréal, Toronto and Vancouver, Brightspark is a dynamic new
investment for Walter GAM, whose minority stake further diversifies
its portfolio of growth-oriented firms in the asset management
industry.
With more than $500 million under
management, Brightspark has 25 years of experience innovating in
venture capital. Brightspark's demonstrated track record, its
diverse team, and its approach to working with entrepreneurs help
it distinguish itself – as does its enthusiasm for innovating
within its own industry. Brightspark's proprietary tech platform,
originally developed to manage the firm's back-office operations
and rapidly growing LP base of high-net-worth individuals, is now
available to other alternative asset managers through a new
subsidiary, Brio Financial, exemplifying the firm's entrepreneurial
commitment to innovation and growth.
"We're excited to welcome Brightspark into our fund," says
Sylvain Brosseau, CEO and Founding
Partner of Walter GAM. "Now more than ever, our portfolio offers
true synergistic potential across its 12 firms, as each operates in
a different sector of the asset management industry. We can count
on Brightspark's exceptional team to successfully identify and
support talented entrepreneurs and on Brio's unique tech platform
to help drive growth and play an important role in our
ecosystem."
"Throughout our discussions with Walter GAM, our cultural
alignment and shared values became unmistakeable, as we both
actively invest for the long term with our portfolios of talented
companies," says Sophie Forest,
Partner at Brightspark. "We want to tap into Walter GAM's expertise
to further our strategic planning and leverage our shared
entrepreneurial mindset to grow Brightspark for our investors, our
portfolio partners and our employees."
About Walter Global Asset Management
Walter Global Asset Management is a globally diversified private
equity firm that delivers development capital and strategic
expertise to high-potential investment managers, as well as
financial services and wealth management firms operating in the
asset management industry. Launched in 2019 by a team of industry
veterans, Walter GAM employs an approach based on true
partnerships. Walter GAM is part of the Walter Group, an ecosystem
of companies that has been flourishing for nearly 70
years. www.walter-gam.com
About Brightspark
Brightspark is a top performing Canadian early-stage venture
firm, actively investing in exceptional entrepreneurs since 1999.
The firm is known to partner early with founders, and to provide
capital and support for the long-run. Brightspark manages over
$500M across traditional VC Funds,
and more recently under a syndicate investment model open to
individual and non-institutional investors.
www.brightspark.com
About Brio Financial
Brio delivers best-in-class LP management, client onboarding,
and back-office support to alternative asset managers through its
proprietary tech platform. Originating from Brightspark, a
trailblazing early-stage VC firm, Brio leverages over a decade of
experience in democratizing venture capital for non-institutional
investors. Brio empowers asset managers to scale efficiently
without sacrificing speed, team size, quality, compliance, or time
on high-value tasks. By streamlining LP transactions, Brio leads
the way in addressing the evolving needs of modern GPs.
www.briofinancial.ca
SOURCE Walter Global Asset Management