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 allows a wholly-owned subsidiary of Forum to act as the investment fund manager and portfolio manager of all of the 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 be building and leading a national fundraising team.
"Keith provides Forum with leadership in the retail and institutional investor space," 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 build alternative products to serve private wealth and institutional investors."
"I am pleased to be joining Forum, with its 25-year history of delivering top-tier performance in alternative assets," said Keith Pangretitsch. "The Relevance philosophy, adding alternative investments to enable investors to better meet their financial goals with less volatility, aligns well with Forum's investment philosophy."
After the successful launch of two private alternative funds in 2021, Forum is continuing to grow its asset management business and innovate to be a leader in alternative asset investing in Canada.
About Forum Equity Partners
Forum is an investor, developer and asset manager with a focus on 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 Outcomes to 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 & CFO
Phone Number: 416-947-0389
Email: rajeev@forumequitypartners.com
CAUTIONARY STATEMENT
The information contained in this news release is for informational purposes only; is not investment, financial or other advice; and is not intended to be used as the basis for making an investment decision. This news release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall any part of this news release form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of Forum Real Estate Income and Impact Fund ("REIIF"). This news release does not constitute any form of commitment, recommendation, representation, or warranty on the part of any person. No reliance should be placed on the completeness of the information contained in this news release. This news release is not intended to be a comprehensive review of all matters concerning REIIF. Please visit https://www.forumequitypartners.com/reiif for more information.
This news 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 "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or states that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by 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 those specific markets in which REIIF holds properties; volatility of real estate prices; inability to access sufficient capital from internal and external sources and/or inability to access capital on favourable 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 forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
SOURCE: Forum Equity Partners
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