Mark Thomas Fitzgerald

Provides national banking services

Royal Trust tends to focus on investments in the stocks of undervalued, large-cap US and Canadian companies in the finance, energy minerals, non-energy minerals, industrial services and transportation sectors.

HSBC Capital (Canada) provides equity capital, mezzanine debt and bridge debt to the middle market. They participate in MBOs, acquisitions, going private transactions, LBOs, corporate growth financings, financial restructurings and project/property financings. The firm looks for established companies with a history of revenue and cash flow. HSBC typically invests in traditional businesses in the services, manufacturing and distribution sectors, but they may consider opportunities in other industries. The firm also looks for companies with demonstrated competitive advantages, diversified customer bases and significant barriers to entry. HSBC generally invests in private companies but they may consider investments in publicly-traded companies which the firm feels are undervalued in the public markets. They target control investments in buyouts or acquisitions with an enterprise value of $10 million to $150 million. They may selectively pursue non-controlling equity investments where their investments range from $5 million to $20 million. HSBC's typical investment horizon is 3 to 7 years. Exits may take the form of a strategic sale or merger of the business, refinancing or a public offering or a repurchase of the Fund's position by the investee company.

Functions as a College/University

Hybridge is a conservative manager that provides a highly personalized approach, combining high quality stocks and bonds in a mix that matches an investor’s long-term objectives and risk preferences. The firm emphasizes investment in large capitalization, profitable companies rather than more speculative investments while their long-term focus with low trading activity recognizes the reality of sound investing-find good, profitable companies and stay with them.