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Firm History
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The founding partners of 32 Degrees began their transition to private equity fund management starting in 1996 with the recapitalization of Colony Energy Limited. Colony was sold in 1997 generating a significant return and after which the founding partners incorporated, operated, built and exited 3 successive oil and gas companies that included Avalanche Energy Limited, Ice Energy Limited and Glacier Energy Limited. Each of the three successive operating companies generated significant returns for the founding partners and their investor base, which included Ontario Teachers Pension Plan and ARC Financial. The successes of the operating companies led to requests from high net worth individuals for the founding partners to place and manage equity capital on their behalf in early stage oil and gas investments. In order to meet this demand, the founding partners incorporated the Overlord Fund in 2001 and began the transition to private equity fund management while continuing to manage their oil and gas business. With the Overlord investments, the founding partners leveraged their network to source premier investment opportunities in teams pursuing the same type of strategies they had successfully executed as operators. The strategy proved successful and set-up the incorporation of 32 Degrees Capital in 2004 and the establishment of five consecutive limited partnerships where the founding partners continued to make oil and gas investments. Today, 32 Degrees has leveraged off its operating and fund management experience to become a premier private equity franchise that has extensive and relevant industry experience, a reputation as a partner of choice, a strong network and access to high quality opportunities and a predictable and repeatable value creation model. |