Talvest Fund Management and La Capitale Financial Group have reached an agreement in principle with a view to enter into a strategic partnership. The partnership will have two components including distribution of Talvest funds by La Capitale to 630,000 Quebec public sector employees, and Talvest’s acquisition of the seven Ficadre investment funds, representing close to $130 million in assets under management.

Both the Talvest and Ficadre families of funds will continue to be operated as separate entities until the transaction is approved by the regulators and by Ficadre unitholders at a special meeting, the date of which will be announced later on. Upon approval, Talvest intends to merge the seven Ficadre funds into its family of mutual funds.

“The distribution of Talvest’s complete family of funds, combined with the fact that the corporation has a disciplined investment management philosophy, solid track record and Quebec headquarters, are in line with our commitment to offering our clients sound investment products,” says Yves Bourget, Vice-President and General Manager of La Capitale services conseils.