Salida Capital

Salida Capital is a Canadian private equity and private wealth management firm, based in Toronto, Ontario, and founded in 2001.[1] The company paid US$1.68 million in 2009 for some of its executives to dine with Warren Buffett, CEO of Berkshire Hathaway.[2] In April 2010, the company announced plans to launch a private equity fund, which at the time had C$100 million in seed investment committed so far.[3] Like many financial portfolios during the financial crisis of 2007–2010, Salida's hedge fund declined in value—it fell 66.5% in 2008—but it recovered a portion the following year by rising 83% (around 40% of its lost value).[4] The firm subsequently suffered further losses, with the Salida Strategic Growth Fund losing a large portion of its capital before deciding to terminate the fund.[5]

References
  1. "Salida Capital Launches Private Equity Fund; $100 million seed investment committed". CNW. 2010-04-14. Retrieved 2010-06-07.
  2. Funk, Josh (2010-06-06). "Buffett hopes lunch auction again draws big bids". Associated Press. Archived from the original on June 8, 2010. Retrieved 2010-06-07.
  3. McCrank, John (2010-04-14). "Salida Capital to launch private equity fund". Reuters. Retrieved 2010-06-07.
  4. Krashinsky, Susan (2009-07-08). "Salida Capital's bill for Buffett lunch: $1.68-million". The Globe and Mail. Retrieved 2010-06-07.
  5. Critchley, Barry (2013-04-04). "End of losses as Salida Strategic Growth Fund gets the axe". Financial Post. Retrieved 2014-07-07.
  • salidacapital.com - The last entry on the WayBackMachine was in December 2014.
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