ARC Financial Corp. is a Calgary-based, employee-owned, private equity management firm founded in 1989, with an exclusive focus on the Canadian energy industry.
In our early years, we established an in-depth investment research capability that we leveraged to build a highly successful corporate advisory practice. We also began to invest as principals and with partners in the equity of early-stage energy companies, and to acquire oil and gas production assets.
The evolution of our production acquisition business led to the founding of ARC Resources Ltd. in 1996. ARC Resources Ltd. is a TSX-listed company (ARX) that has become one of the leading players in the Canadian oil and gas sector. The contract under which ARC Resources Ltd. was managed by ARC Financial Corp. was internalized in 2002, at which time the corporate affiliation between the two organizations ended.
Our investment research, corporate advisory and equity investment businesses evolved into an exclusive focus on private equity investing with the launch of our first fund in 1997. We have since raised seven additional private equity funds. Collectively, the eight ARC Energy Funds represent $5.3 billion of committed capital. Our investors are largely institutional, comprised primarily of endowments, family offices, pension funds and foundations from Canada, the United States and Europe. The mandate for the ARC Energy Funds is to provide growth equity capital for energy companies with a core focus on the Canadian oil and gas industry.
Since the establishment of Fund 1, we have invested $3.9 billion in more than 180 portfolio companies. To date, we have distributed $2.7 billion to our investors, and are currently invested in approximately 30 portfolio companies across Funds 3 – 8 that represents over $1.9 billion of invested and committed capital. We are actively investing and seeking opportunities that range in size from $50 million to $200 million with additional co-investment potential from our institutional investors.