Walter Group unveils PE platform for asset management sector

Canadian family office Walter Group of Companies has launched Walter Asset Management, a new North American private equity platform that will invest in small and mid-sized players in the asset management sector. The Montréal-based evergreen platform is expected to raise initial capital of $100 million, $40 million of which will be supplied by Walter Group. Sylvain Brosseau, the former head of Fiera Capital Corp, will lead Walter Asset Management. He will also commit capital. Walter Group, a sponsor of Walter Capital Partners, said the platform will help fill a key gap in the asset management space, which is currently undergoing consolidation.

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