Canterbury Park Capital announced on Thursday that it has raised approximately $150 million for its private equity fund, Canterbury Park Capital L.P. Over the coming weeks, the fund’s management team expects to secure additional investment commitments with an anticipated final closing to take place later this fall.

“The successful launch of our first private equity fund is an important step in delivering a broad range of asset management solutions for high net-worth families and other investors”, said president Martin Weinberg. “We have assembled an experienced team with a track record of identifying investment opportunities, enhancing business operations and delivering exceptional value to private companies in the capital markets.”

In accordance with its strategy of developing a diversified network of strategic and long-term partners, Canterbury Park has primarily attracted investments from several well-established family offices and strategic financial institutions. In addition, the fund has received significant local support with provincial government support of $10 million through the Manitoba Development Corp.

“Our investment in Canterbury Park Capital L.P. reflects our ongoing support for entrepreneurial ventures and investment capital in our province,” said Manitoba Industry, Economic Development and Mines Minister Jim Rondeau. “We are particularly pleased to work with a group of business leaders that have demonstrated their ability to build businesses in Manitoba and across the country.”