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Starlight Capital Private Alternative Investments

Starlight Capital provides Canadian accredited investors with access to globally diversified private markets in Real Estate, Infrastructure, and Private Equity.

Starlight Private Investment Pools

Starlight Capital is at the forefront of the Canadian private alternative investments space. Our institutional-calibre due diligence provides Canadian accredited investors with the confidence to invest in private markets with us.
  • 3 Years of Starlight Private Global Real Estate Pool
  • 3 Years of Starlight Private Global Infrastructure Pool
  • NEW Starlight Global Private Equity Pool

Invest like an Institution with Starlight Capital

Large Canadian pension plans have 46% of their assets in real estate, infrastructure, and private equity. Canadian accredited investors must rethink their asset allocation to include more alternatives to build an institutional-style portfolio. As Canadian pension plans look beyond traditional investments and increasingly turn toward alternatives, it’s clear that these investments offer unique benefits that would also benefit Canadian accredited investors.

Canadian Pension Plan Private Alternative Investment Allocations

Plan Year Assets (millions) Real Estate Infrastructure Real Assets Private Equity Alternatives
CPPIB 2023 $570,296.0 9.0% 9.0% 18.0% 33.0% 51.0%
Caisse de dépôt et placement du Québec 2022 $401,900.0 11.9% 13.6% 25.5% 20.1% 45.6%
Ontario Teachers' Pension Plan 2022 $247,240.0 11.4% 16.1% 27.4% 23.6% 51.0%
Public Service Pension Plan 2023 $243,700.0 13.1% 12.1% 25.2% 15.6% 40.8%
BC Investment Management Corporation 2023 $233,000.0 16.8% 10.4% 27.2% 13.1% 40.3%
AIMCO 2022 $135,030.0 17.0% 15.2% 32.2% 8.8% 41.0%
Ontario Municipal Employees Retirement System 2022 $124,200.0 16.8% 20.8% 37.6% 18.4% 56.0%
Healthcare of Ontario Pension Plan 2022 $103,674.0 17.5% 4.5% 22.0% 19.3% 41.3%
Ontario Pension Board 2022 $31,022.4 18.8% 12.2% 31.0% 13.3% 44.3%
OP Trust 2022 $24,643.0 18.9% 16.1% 35.0% 16.1% 51.1%
$2,114,705.4 15.1% 13.0% 28.1% 18.1% 46.2%
Source: Pension Plan Annual Reports.

Why Private Alternatives

Private alternative investments can be used as a long-term, core component in portfolios, complementing public market holdings with the potential to reduce risk and enhance returns. Adding private alternative investments to a portfolio of public market holdings can provide Canadian accredited investors with several benefits including:

Portfolio diversification

Private alternative investments provide exposure to different return drivers and risk variables that enhance the risk-adjusted returns of the portfolio.

Uncorrelated returns

Private alternative investments provide low correlation to broad asset classes and low correlation to other alternatives in your portfolio.

Cash flow growth

Private alternative investments’ returns are powered by long-term, structural drivers that generate sustainable cash flow growth.

Outcome

Complementing traditional asset classes with private alternative investments can create more efficient portfolios that generate better risk-adjusted returns on a more consistent basis.

Private Alternative Investments: Starlight Capital Advantage

Institutional-Calibre Due Diligence

Innovative Private Pool Structure

Best-in-Class Private Investment Partners

Canadian accredited investors are just beginning to allocate to private alternatives. However, at Starlight Capital, we've been positioning ourselves to capture private market opportunities for years. Starlight Capital has decades of experience investing in global markets and businesses, and with our institutional-calibre due diligence process and ongoing oversight, Starlight Capital is your trusted partner.

Starlight private investment pools are investor-focused. We target an 80% allocation to private assets for growth potential and target a 20% allocation to listed securities for diversification and liquidity. Canadian accredited investors can benefit from a targeted Net IRR of 12-14%, including a 5% annual distribution* paid quarterly. Monthly subscription and quarterly redemption privileges provide additional flexibility. *Excludes Starlight Global Private Equity Pool.

Each Starlight private investment pool plays a specific role in enhancing risk-reward within a portfolio, achieved through private partnerships with best-in-class private investment partners.

Within each Starlight private investment pool, Canadian accredited investors gain access to a diversified portfolio of private investments, with each private partner contributing distinct and complementary strategies to the overall pool.

Due Dilligence - Idea Generation

Our due diligence process assesses our private investment partners according to predefined criteria, which include:

  • Sponsors with at least $1B of AUM, track records over 10 years.
  • Sponsors that materially invest in their own strategies.
  • Strong short- and long-term track records of success driven by active management and value creation.
  • Institutional funds to provide retail investors with access to new strategies.

Due Dilligence - Private Investments

  • Each potential private partner is vetted for politically-exposed persons, adverse media, financial impropriety and material litigation.
  • Each potential private partner completes our proprietary operational due diligence questionnaire which covers seven areas of their business.
  • We interview the executive, investment, and operations teams and consult with existing investors.
  • We conduct property and asset tours to verify and evaluate the operating assets or potential investments.
  • External Investment Committee review for final approval and on-going oversight after capital deployment.

Due Dilligence - Valuation

  • The Starlight Private Pools are allocated to institutional private funds with due diligence performed by other large institutional investors.
  • Valuation methodologies follow IFRS accounting and are asset and strategy specific.
  • All underlying assets are valued on a periodic basis (monthly or quarterly) and audited annually.
  • Underlying investments have independent advisory committees that review the investments and valuations.
  • Starlight Capital has reviewed the valuation processes of each institutional private partner, receives regular updates, investor reporting and conducts on-going reviews of the process and its application.
Investor Focused Private Pool Structure
Investor Focused Private Pool Structure
Best In Class Investment Partners
Best In Class Investment Partners
Best In Class Investment Partners

Featured Private Investment Pools

Find out the appropriate Starlight Private Pool
that is best suited for you, or your clients' needs.

Starlight Private Global Real Estate Pool

The Starlight Private Global Real Estate Pool aims to achieve long-term capital appreciation and regular current income by investing globally in private real estate investments and in public real estate investment trusts (REITS) and equity securities of corporations participating in the residential and commercial real estate sector.

Starlight Private Global Infrastructure Pool

The Starlight Private Global Infrastructure Pool aims to achieve long-term capital appreciation and regular current income by investing globally in private infrastructure and infrastructure-related investments and in publicly-traded companies with direct or indirect exposure to infrastructure.

Starlight Global Private Equity Pool

The Starlight Global Private Equity Pool aims to achieve long-term capital appreciation by investing in a diversified global portfolio of private equity investments and publicly traded global equity securities.

Portfolio Managers

Starlight Capital’s strength comes from our experienced portfolio managers and the expertise that they provide.
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Dennis Mitchell

Chief Executive Officer and Chief Investment Officer

Dennis Mitchell joined Starlight Capital in March 2018 as Chief Executive Officer and Chief Investment Officer. He has over 20 years of experience in the investment industry and has held executive positions with Sprott Asset Management, serving as Senior Vice-President and Senior Portfolio Manager, and Sentry Investments, serving as Executive Vice-President and Chief Investment Officer.

Mr. Mitchell received the Brendan Wood International Canadian TopGun Award in 2009, 2010, and 2011 and the Brendan Wood International 2012 Canadian TopGun Team Leader Award. He also received the Afroglobal Television Excellence Award for Enterprise in 2020 and the Black Business and Professionals Association’s Harry Jerome President’s Award in 2021.

Mr. Mitchell holds the Chartered Financial Analyst and Chartered Business Valuator designations and earned a Master of Business Administration from the Schulich School of Business at York University in 2002 and an Honors Bachelor of Business Administration degree from Wilfrid Laurier University in 1998.

Mr. Mitchell currently sits on the Board of the Toronto Foundation and is Co-Founder and Director of the Black Opportunity Fund.

Managed Starlight Private Pools:
Starlight Private Global Real Estate Pool
Starlight Private Global Infrastructure Pool
Starlight Global Private Equity Pool
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Sean Tascatan

Senior Portfolio Manager

Sean Tascatan joined Starlight Capital in January 2023 as Senior Portfolio Manager. He has over 10 years of experience in the investment industry.

Mr. Tascatan most recently held a position at Caldwell Investment Management as the lead portfolio manager of numerous dividend funds, including a U.S. Dividend Growth Fund where he specialized in high-quality, dividend paying U.S. equities. Prior to that, he worked at Sentry Investments where he was a key member of an award-winning Equity Income team that garnered multiple Lipper Fund and Morningstar Investment Awards. There, he was the co-manager of a $3B U.S. Growth and Income Fund and a $500MM Diversified Equity Fund.

Mr. Tascatan holds the Chartered Financial Analyst designation and has completed the Options Licensing Course and has an Honours Bachelor of Arts degree in Economics and Financial Management from Wilfrid Laurier University.

Managed Starlight Private Pools:
Starlight Global Private Equity Pool
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Hisham Yakub

Senior Portfolio Manager

Hisham Yakub joined Starlight Capital in February 2023 as Senior Portfolio Manager. He has over 10 years of experience in the investment industry.

Mr. Yakub most recently held a position with a boutique Toronto-based investment management firm as an Investment Analyst and Portfolio Manager. He also spent the first six years of his business career focused on developing software tools for portfolio management applications. He progressed through several roles across the industry and finished his pre-MBA career at CPP Investment Board.

Mr. Yakub holds the Chartered Financial Analyst and Financial Risk Manager designations and earned a Master of Business Administration from the Rotman School of Management at the University of Toronto in 2013 and an Honours Bachelor of Business Administration degree with a specialization in Information Systems from York University.

Managed Starlight Private Pools:
Starlight Private Global Infrastructure Pool

Speak to your advisor

For more information on Starlight Capital private investment pools, contact your financial advisor.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the offering documents before investing. Investors should consult with their advisors prior to investing.

This material is for informational and educational purposes only. The information contained herein is not an offer to sell nor a solicitation to buy any security. Such an offer can only be made by prospectus or other applicable offering document.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Starlight Investments, Starlight Capital and all other related Starlight logos are trademarks of Starlight Group Property Holdings Inc.
© Copyright 2024 Starlight Investments Capital LP. All Rights Reserved.

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