Cassidy Asset Management launches cannabis PE fund
Cassidy Asset Management has launched a private equity fund to invest in early-stage companies in the global medical and recreational cannabis industry. Cassidy Fund 1 LP is currently accepting commitments from accredited investors. It is expected to close in Q1 2019. Cassidy, a Toronto-based asset management firm, was established this year. It is led by CEO Rick Meslin, formerly head of Canadian equity sales and trading at Wells Fargo Securities, and CIO Michael Krestell, a co-founder of PharmaCan Capital, now Cronos Group.
20 December 2018•4 mins read
