PFM Capital Launches Brokered Offering Following Initial Close of Apex II Investment Fund

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

REGINA, April 10, 2014 /CNW/ - PFM Capital Inc. has announced the launch of Apex II Private Equity Fund Limited Partnership (the "Brokered Offering"), the first fund to offer a diversified portfolio of Saskatchewan-focused private equity investments to the retail market.

Through its lead agent, Industrial Alliance Securities, Apex II Private Equity Fund LP provides accredited investors with retail access to PFM's non-brokered institutional/private wealth offering, Apex II Investment Fund LP. Through its sole investment in Apex II Investment Fund, the Brokered Offering will participate in equity, near-equity or subordinated debt investments in mid-market private Saskatchewan companies that offer the potential for substantial capital appreciation or income. Focusing on the key drivers of Saskatchewan's economic strength - oil and gas, value-added agriculture, real estate and manufacturing - capital will primarily be deployed for the purposes of expansion, acquisition, restructuring or completing a management buyout.

Apex II Investment Fund builds on the success of its $95.3 million non-brokered predecessor fund, Apex I Investment Fund LP.

Apex II Investment Fund LP completed its initial close in December 2013, securing $54.9 million from high net worth and institutional investors. The fund's management team has set a target of $100.0 million and a hard cap of $150.0 million for the aggregate funds raised between Apex II's non-brokered and brokered components. The funds' final close will be completed in June 2014.

"Over 84% of the $58.3 million currently committed to Apex II Investment Fund has been received from investors that have participated in at least one other PFM-managed fund," says Randy Beattie, President and CEO of PFM Capital Inc. "We consider this level of support to be a strong indicator of investor confidence in PFM's investment strategy and the fund's Saskatchewan focus."

About PFM Capital Inc.
PFM Capital is Saskatchewan's largest private equity investment firm with over $550 million in assets under management across 7 retail and institutional/private wealth funds. Based in Regina, PFM's niche focus allows investors to benefit from Saskatchewan's economic strengths by taking advantage of the firm's established local contact network and long-term track record of successful multi-sector deal origination. PFM Capital is employee-owned and has been acting as manager of Saskatchewan-focused private equity funds for over 20 years.

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, PFM Capital Inc. assumes no obligation to update or revise such information to reflect new events or circumstances.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the U.S. Securities Act, or any state securities laws and may not be offered or sold within the United States or to "U.S. persons" (as such term is defined in Regulation S promulgated under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: PFM Capital Inc.

For more information, please visit www.pfm.ca or contact the following:

Eric Clark
Investor Relations
[phone]

Victoria Swan
Investor Relations
[phone]