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West Face Said to Seek $1.5 Billion for New Private Equity Fund

  • Toronto-based firm raising fund for larger opportunities
  • Boland says hedge fund sees ‘attractive dislocation’ coming

West Face Capital Inc. is aiming to raise $1.5 billion for a new private equity fund to make larger investments, according to a person familiar with the efforts.

“We believe attractive market dislocations could occur over the next few years and we are making preparations with our investing partners,” Greg Boland, the head of Toronto-based West Face, said in an e-mail, declining to comment on the details of the fundraising. “The new committed draw fund will augment our ability to respond to large opportunities.”