Edmonton, Alberta-based KV Capital has launched KV Building Products Access Fund LP, a closed-end fund that will enable accredited Canadian investors to invest alongside KV and its institutional partners in the firm’s Building Products Strategy.
The fund focused on Western Canada’s real estate market and targets companies supplying building materials and products with $50 million and higher in revenue. KV anticipates making six to eight investments in total and stated it will target annual returns of 14%-18% from the strategy’s private equity portfolio.
Eligible and accredited investors can subscribe to the KV Building Products Access Fund LP through their investment advisors. Minimum investments are $150,000 for Class A interests and $25,000 for Class B interests.
“The Access Fund is the newest part of our Building Products Strategy, which targets growth from the housing construction industry, rather than capital appreciation from direct investment in real estate,” said KV Capital CEO and co-founder Aleem Virani. “Western Canada needs more housing, and our companies supply the construction components essential to that need. These businesses have strong growth prospects, and our KV platform is uniquely positioned to realize that potential.”
