TORONTO, ON /ACCESSWIRE/March 22, 2022/ Forum Equity Partners (“Forum”) today announced the closing of its acquisition of Relevance Wealth Management Inc. (“Relevance”). The acquisition enables a wholly-owned subsidiary of Forum to act as investment fund manager and portfolio manager of all funds managed by Forum and Relevance.
As part of the transaction, Keith Pangretitsch, President and CEO of Relevance, has joined Forum as Managing Director, Head of Alternative Assets. Keith will build and lead a national fundraising team.
“Keith provides Forum with leadership in the area of retail and institutional investors,” said Richard Abboud, Founder and CEO of Forum. “Keith has already made significant contributions to the Forum Real Estate Income and Impact Fund and will help us continue to create alternative products to serve private and institutional investors.”
“I am delighted to join Forum, which for 25 years has delivered leading performance in alternative assets,” said Keith Pangretitsch. “The relevance philosophy, adding alternative investments to allow investors to better achieve their financial goals with less volatility, aligns well with Forum’s investment philosophy.”
Following the successful launch of two private alternative funds in 2021, Forum continues to grow its asset management business and innovate to become a leader in alternative asset investing in Canada.
About Forum Equity Partners
Forum is an investor, developer and asset manager specializing in real estate, infrastructure and private equity. Since its founding in 1996, Forum has worked with its partners to pursue value-added and opportunistic investments and achieve aggressive growth through innovation and active management. Forum is committed to exploring innovative and sustainable opportunities that deliver Extraordinary Results™ for its stakeholders. Forum’s assets under management represent approximately C$1.7 billion in enterprise value. Visit: www.forumequitypartners.com.
contacts
Name: Rajeev Viswanathan, Managing Partner and Chief Financial Officer
Phone number: 416-947-0389
Email: rajeev@forumequitypartners.com
CAUTION
The information contained in this press release is provided for informational purposes only; is not investment, financial or other advice; and is not intended to be used as a basis for making an investment decision. This press release does not constitute or form part of an offer or invitation to sell or issue, or any solicitation of an offer to buy or subscribe, securities, and no part of this press release should form the basis of or be relied upon in connection with any contract or investment decision relating to the securities of the Forum Real Estate Income and Impact Fund (“REIIF”). This press release does not constitute any form of commitment, recommendation, representation or guarantee on the part of anyone. No reliance should be placed on the completeness of the information contained in this press release. This press release is not intended to be a comprehensive review of all matters relating to REIIF. Please visit https://www.forumequitypartners.com/reiif for more information.
This press release may contain forward-looking information within the meaning of applicable Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as “expects”, “intends”, “anticipates”, “believes” or variations (including variations negative) of such words and phrases, or state that certain actions, events or results “could”, “could”, “would” or “would” be undertaken, occur or be achieved. These forward-looking statements reflect management’s current beliefs and are based on assumptions made by Forum and information currently available to Forum. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, without limitation, risks associated with general economic conditions; adverse factors affecting the real estate market generally or the specific markets in which REIIF holds properties; real estate price volatility; inability to access sufficient capital from internal and external sources and/or inability to access capital on favorable terms; currency and interest rate fluctuations and other risks. Although Forum has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are made as of the date hereof, and Forum undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.
THE SOURCE: Forum Equity Partners
See the source version on accesswire.com:
https://www.accesswire.com/694183/Forum-Equity-Partners-Announces-Acquisition-of-Relevance-Wealth-Management
