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Spartan Fund Management Inc. and Capital Asset Lending Inc. Launch New Access Fund Targeted at Retail and Institutional Investors

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TORONTO, Sept. 30, 2024 /CNW/ – Spartan Fund Management (“Spartan”) has partnered with Capital Asset Lending Inc. (“CAL”), a leading private residential mortgage administrator based in the Greater Toronto Area (“GTA”), to launch a new fund that will give retail and institutional investors access to CAL’s actively managed portfolios of residential mortgages.

Capital Asset Income Fund (“CAIF”) provides exposure to the mortgages held by each of Mortgage Company of Canada Inc. (“MCOCI”) and First Mortgage LP (“FMLP”), which launched operations in 2013 and 2021 respectively. CAIF intends to invest substantially all of its assets in MCOCI and FMLP.

MCOCI is one of the largest private residential mortgage investment corporations (“MICs”) in Canada, with over $1 billion under administration comprised entirely of residential mortgages on single-family dwellings in Ontario. FMLP is a limited partnership that currently invests exclusively in first mortgages in Ontario but has the ability to lend in the Greater Vancouver Area (“GVA”) as well. Both MCOCI and FMLP are focused on borrowers who have the necessary credit score to qualify with a bank or trust company but do not meet federally mandated requirements for income.

“We are pleased to add CAIF to Spartan’s alternative investment line-up,” said Gary Ostoich, President of Spartan Fund Management. “Capital Asset Lending is one of the major players in this sector and we are excited to offer a residential mortgage fund to retail and institutional investors.”

“We are thrilled to be working with Spartan, one of Canada’s leading providers of alternative investment solutions, to bring this new vehicle to market,” said Raj Babber, CEO of Capital Asset Lending Inc.

Availability

CAIF is available in Class A, Class F, and Class I Units to accredited investors or otherwise qualified purchasers. Interested purchasers are advised to read CAIF’s offering memorandum and consult with their investment advisor. This content is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy any security.

About Spartan Fund Management Inc.

Spartan, established in 2006, is a Toronto-based investment management company that specializes in providing, through pooled funds, a broad selection of alternative investment solutions that meet a variety of investment needs. Spartan believes that alternative investment strategies can provide better risk-return opportunities for investors than do conventional strategies. Spartan also believes that niche, non-conventional investment strategies tend to outperform more traditional strategies and/or add needed diversification. Spartan’s clients primarily consist of high-net-worth individuals and family offices who access Spartan’s funds directly or through registered advisors. Spartan currently manages in excess of $1.8 billion in client assets.

To learn more about Spartan, please visit www.spartanfunds.ca.

About Capital Asset Lending Inc. (“CAL”)

CAL is a licensed mortgage administrator incorporated under the laws of Ontario in February 2009. Guided by a common-sense approach to lending, CAL provides mortgage origination, underwriting, and administration services to MCOCI and FMLP.

MCOCI is a mortgage investment corporation incorporated in August 2013. MCOCI invests in single-family mortgages located primarily in the GTA. MCOCI’s independent board members are James Garcelon [President and Chief Compliance Officer at Forstrong Global Asset Management], Brian Johnston [Former Chief Executive Officer of CreateTO], and Tammy Oldenburg [Former Chief Financial Officer of Credit Suisse Canada], and its strategic advisor is Daniel Drimmer [Founder, President, and Chief Executive Officer of Starlight Investments].

FMLP is an Ontario limited partnership formed in March 2021. FMLP invests exclusively in first mortgages on single-family homes, including high-rise condos, to super prime borrowers in urban areas, primarily the GTA. FMLP’s general partner’s independent board members are Chris Taves [Special Advisor to BMO Capital Markets CEO and Executive Committee], Neha Verma [Canadian Head, Client and Capital Formation at TPG], and Tim Wilson [Chief Financial Officer of Peoples Group], and its strategic advisor is Daniel Drimmer [Founder, President, and Chief Executive Officer of Starlight Investments].

For further information on MCOCI or FMLP, please visit www.capitalassetlending.com

SOURCE Capital Asset Lending Inc.

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Flō Networks Announces Intention to Launch Public Tender Offers to Acquire Up to 100% of Controladora Axtel, S.A.B. de C.V. and Axtel, S.A.B. de C.V.

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MEXICO CITY and EL PASO, Texas, Sept. 1, 2026 /CNW/ — Transtelco Holding, Inc. (doing business as Flō Networks, or “Flō”), a U.S.-based, independent digital infrastructure provider operating its own fiber-optic network across Mexico, the Southwestern United States and Latin America, today announced its intention to launch concurrent public tender offers (ofertas públicas de adquisición, or the “Offers”) to acquire up to 100% of the outstanding shares of Controladora Axtel, S.A.B. de C.V. (“Controladora Axtel”) and up to 100% of the outstanding CPOs of Axtel, S.A.B. de C.V. (“Axtel,” and together with Controladora Axtel, the “Axtel Companies”).

Flō has received preliminary approval from the Boards of Directors of both Axtel Companies to continue the process

Flō has received preliminary approval from the Boards of Directors of both Axtel Companies to continue the process toward launching the Offers, and is working to obtain the required regulatory approvals.

The commencement of the Offers remains subject to authorization by the Comisión Nacional Bancaria y de Valores, clearance by the Comisión Nacional Antimonopolio, the receipt of any other required regulatory approvals, and the satisfaction of the applicable contractual and corporate conditions. Subject to the satisfaction of these requirements, Flō is prepared to move promptly toward commencement of the Offers. The terms and conditions of the Offers, including the applicable offering documents, will be published in accordance with Mexican securities laws and the regulations of the Bolsa Mexicana de Valores at the appropriate time.

“This is an important step in our long-term vision for Flō and for the digital infrastructure that will support Mexico’s continued economic and technological development,” said Miguel Fernandez, Chief Executive Officer of Flō Networks. “By bringing together the complementary networks, capabilities and talent of Flō and Axtel, we have an opportunity to create a stronger digital infrastructure platform with greater scale, reach and capacity to serve customers across Mexico and beyond. We believe that stronger infrastructure enables stronger businesses, greater innovation and new opportunities for the communities and economies we connect.”

The proposed acquisition would combine complementary assets and expertise to strengthen Flō’s ability to invest in network resilience, expand its portfolio of digital services and deliver greater value to businesses operating in Mexico and across the region. Flō believes the combination would create meaningful operational and commercial synergies while supporting continued investment in the infrastructure required for critical technologies for productivity and competitiveness. The transaction would also create opportunities for long-term value creation for customers, employees, shareholders, partners and the communities the companies serve.

About Flō Networks

Founded as Transtelco in 2001, Flō Networks is a leading digital infrastructure provider connecting companies on both sides of the U.S.-Mexico border and across the Americas. Flō provides comprehensive connectivity solutions and advanced cloud infrastructure to Fortune 500 companies, telecommunications providers and cable operators through a fiber-optic network spanning more than 30,000 route miles across the Southwestern United States and Mexico, with connectivity across fifteen countries throughout the Americas. For more information, visit flo.net.

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SOURCE Flō Networks

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Arista Demand Hires Jordanna Howard to Strengthen the Company’s Continued Growth

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SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ — Arista Demand, a leading provider of B2B demand generation solutions, is pleased to announce Jordanna Howard has joined the company as VP, Global Integrated Sales, effective September 1, 2026.

Prior to joining Arista Demand, Jordanna spent five years at Veritas Media Group, serving as VP of Client Services. Jordanna played a key part in growing VMG’s client portfolio and driving net-new revenue through new business partnerships, while also expanding and strengthening existing client relationships. She was instrumental in championing VMG’s reputation for white-glove service, exceptional client experiences, and long-term client success.

Jordanna joins Arista Demand as the organization continues to expand its capabilities, strengthen and build client partnerships, and help B2B organizations connect with the right prospects through results-driven demand generation and media initiatives.

“We are thrilled to welcome Jordanna to Arista Demand,” said Managing Director, Jennifer Sand. “She brings tremendous experience, energy, and a client-focused approach that aligns perfectly with how we work. Jordanna will be an important part of our continued growth, and we’re excited to have her on the team.”

In her new role, Jordanna will focus on client development, partnerships, and sales. Her experience in digital and non-traditional media will further strengthen Arista Demand’s ability to deliver innovative and integrated, measurable solutions, beyond lead gen, for clients.

“I’m excited to join Arista Demand and become part of a team that is so focused on its clients and their success,” said Howard. “I look forward to contributing to the company’s growth and helping our clients achieve meaningful results.”

Jordanna lives in Napa, California, with her partner, Jeff, and daughter, Mackie. Outside of work, she loves spending time with family and friends and is passionate about giving back.

She serves on UCSF’s Board of Directors for “All May See” vision foundation as well as sfBIG’s Board, supporting and connecting the Bay Area advertising community. Jordanna is also actively involved in her daughter’s school and is the troop leader for her local Girl Scouts Brownie troop.

About Arista Demand

Arista Demand helps B2B organizations accelerate revenue through intent targeted demand generation programs designed to connect brands with their respective audience that matter most. Through a combination of intent, 1st party data, strategy, technology, and client-focused execution, Arista Demand helps marketers build pipeline and drive measurable business results. Arista Demand brings buyers and sellers together around the globe. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/arista-demand-hires-jordanna-howard-to-strengthen-the-companys-continued-growth-302865498.html

SOURCE Arista Demand

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Reducto Unveils a Frontier Parsing Model That Makes the World’s Hardest Documents AI-Ready for 1¢ a Page

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The new r-1 model is the first in a family of document intelligence models that reduces parsing errors by up to 20% while replacing complex, multi-tool pipelines with a single model that costs up to 6× less.

SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ — Reducto today introduced r-1, a frontier document parsing model that turns complex PDFs, scans, spreadsheets, and other files into accurate, structured data for AI systems.

Reducto has already established itself as a leader in document parsing by handling the long tail of complex files that break conventional tools. Available today in preview, r-1 extends that lead—reducing errors by up to 20%, improving latency at high volumes, and bringing the all-in cost down to 1¢ per page.

Before an AI system can reason over a document, it must first understand what is on the page. That becomes difficult when meaning is encoded not only in text, but also in tables, handwriting, reading order, formatting, checkboxes, strikethroughs, and the position of content. A parser that misreads a financial table can give an AI agent the wrong numbers. One that drops a strikethrough can reverse the meaning of a contract.

Established services such as Amazon Textract and Azure Document Intelligence helped make cloud document processing widely available. But organizations working with complex documents often still combine multiple tools, models, and layers of post-processing to achieve the accuracy they need. In Reducto’s evaluations, r-1 outperformed commonly used hyper-scaler products and large LLMs on complex documents while providing a complete parse at one all-in price.

Built from the ground up and trained on some of the most challenging document data in the world, r-1 combines layout detection, reading order, tables, formatting, grounding, and granular citations in a single model. It is designed for the long tail of documents where simpler parsers break down, including dense tables, unusual layouts, low-quality scans, handwriting, watermarked content, and files that do not follow predictable templates.

By combining these capabilities, r-1 can handle an organization’s full document workload without requiring teams to route files among providers or maintain separate pipelines for different document types. Its flat price of 1¢ per page includes the complete parse, without additional model charges or feature-based multipliers.

r-1 is the first in a broader family of Reducto parsing models designed for different points on the accuracy, latency, and cost curve. Planned additions include r-1 mini, a smaller model for speed- and cost-sensitive workloads, and automatic routing that selects the right model for each page.

Organizations using another parser can receive up to $5,000 in credits to test r-1 on their most difficult documents, along with hands-on benchmarking support, at reducto.ai/migrate. r-1 is also available today in preview through a configuration flag in the Reducto Parse API.

About Reducto

Reducto is an agentic document platform that turns complex, real-world documents into structured data for AI agents and document-intensive workflows. The company has raised more than $108 million from investors including Andreessen Horowitz and First Round Capital and has processed more than a billion pages a month. Its customers include Harvey, Scale AI, Vanta, Airtable, Toast, and Fortune 10 enterprises.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/reducto-unveils-a-frontier-parsing-model-that-makes-the-worlds-hardest-documents-ai-ready-for-1-a-page-302866077.html

SOURCE Reducto

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