TORONTO, October 05, 2021 – Flow Capital Corp. (TSXV: FW) (“Flow Capital,” or the “Company”) announces that it has raised an additional US$1.8 million (“Investment Amount”), from existing investors in its Flow Priority Return Fund II LP (“LP II” or “Fund II”).
The funds were raised on a private placement basis from a collection of institutional and high net worth investors. The Company has granted to Fund II a royalty interest of 8 of the Company’s existing investments (the “Underlying Royalty Contracts”). Pursuant to the terms of Fund II, the Company is subscribing for such number of subordinated units as is equal to 25% of the capital raised in senior units issued in Fund II. All of the capital was raised in exchange for the issuance of Glass G Senior Units which pay a yield of 9.25% per annum (the “Class G Return”).
Since its inception in October 2020, LP II has raised approximately C$21.5M of net new capital from the issuance of preferred units.
“The capital raised in this LP II will help Flow to continue to grow its portfolio of revenue-linked royalty and venture debt investments in high-growth companies,” said Alex Baluta, CEO of Flow Capital.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
