Tsuen Wan International: CPPIB and two other funds back Black Swan to the tune of $365 million.

April 14, 2011 - PRLog -- Black Swan Energy which focuses primarily on Western Canada has secured commitments from three top private equity companies who will invest up to C$350 million.

One of Canada’s top pension plans, the Canada Pension Plan Investment Board has told Tsuen Wan International that it would invest up to C$100 of the funds.

It remains unclear as to how the remaining investment is to be divided between co-investors Warburg Pincus, a U.S.-based private equity company with $35 billion invested in hundreds of companies around the globe, and Kern Partners, an independent Calgary, Alberta based, energy-sector focused private equity company.

Around $5.1 billion (C$4.9 bln) in private equity was invested in Canada during 2010, marking the first increase in three years, highlighted by deals like CPPIB’s C$900 million acquisition of a 10% stake in the 407 toll highway near Toronto.

Two former Talisman Energy Inc executives, David Maddison and Marc Mereau head the privately held Black Swan Energy.

"Having financial partners of this calibre and with this level of industry experience gives us great confidence in the strength of our business plan,” Black Swan CEO David Maddison told Tsuen Wan International.

Private equity firms that have until recently been weary of resources as a result of their cyclical nature are now increasingly turning to commodities to generate returns.

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Tsuen Wan International is a leading independent investment company, based in the heart of Hong Kong. Tsuen Wan International offers a variety of investment products for institutional, corporate and high net worth investors in equity debt and FX markets.