Montreal, Quebec 17 November 2009 – Kirchner Investment Management (Lothian) Corporation (KIMC) announced that it has met the conditions and objectives of the Act respecting international financial centers and has been designated an International Financial Centre (“IFC”) by the Quebec Ministry of Finance.
IFCMontréal, a non-profit organization, was established in 1986. The creation of IFCMontréal was an initiative by the Ministère des Finances du Québec in collaboration with the Montréal Exchange and the City of Montréal. The mission of IFCMontréal is to attract foreign direct investments from the Financial Services Industry, to increase the volume of international financial operations within Montréal, and to develop expertise in the field of international finance.
“We are very pleased to have been awarded this designation,” said W. B. (Bud) Kirchner, CEO and founder of KPCG. “Our company has been present for many years in Montréal and we are excited to qualify for the IFC designation.”
“We look forward to continue building strong relationships with the financial community of Montréal” commented Les Lyall Managing Partner of KIMC. “KIMC is privileged to have been granted such a noteworthy designation from the Government of Quebec.”
About Kirchner Private Capital Group (www.kirchnergroup.com)
The Kirchner Private Capital Group (KPCG) acts as partners, principals, agents and advisors to private companies, venture capital and private equity firms, and institutional investors. Through a multi-faceted, customized approach, we match our operational, transactional and investment skills to every investment management partnership, transition management engagement, and investment banking mandate. Our depth of experience, validated by a 25-year track record, enables us to assist both clients and partners achieve their objectives.
About Kirchner Investment Management Corporation (www.kirchnerimc.com)
Kirchner Investment Management Corporation (KIMC) actively manages capital as a Corporate General Partner of venture capital and private equity investment funds.
We partner with institutional investors in existing funds to realize their investment objectives, including managing funds after their investment phase to improve fund performance and liquidity. With our team of fund management, operations, and transaction specialists, Kirchner Investment Management dedicates resources in the management of the fund, either on an as-need or permanent basis.
Currently, through our Fund, Fund of Funds and Portfolio management services we manage Lothian Partners 27 SICAR, Foragen Technology Management and a Fund of Funds portfolio representing, in aggregate $150 million under management. In addition we are a General Partner of Avrio Ventures representing, $75 million under management. Also, KIMC is a past and current advisor to both general and limited partners of venture funds representing over $850 million of client private equity assets including over $500 million of underperforming investments.
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