Starlight Investments Capital LP, known as Starlight Capital, has announced a proposed merger involving its Starlight Global Balanced Fund. The initiative is designed to streamline the asset manager’s fund offerings and enhance operational efficiencies. The proposed transaction would see the Starlight Global Balanced Fund, referred to as the ‘Terminating Fund,’ merge into the Starlight Global Growth Fund, designated as the ‘Continuing Fund.’
Key Details of the Proposed Merger
Unitholders of the Starlight Global Balanced Fund are scheduled to vote on the proposed merger at a special meeting. This meeting is slated to take place on August 21, 2026, at the offices of Blake, Cassels & Graydon LLP, located at 199 Bay Street, Suite 4000, Toronto, Ontario. Prior to this meeting, a management information circular will be distributed to unitholders of record as of July 22, 2026. This circular, expected to be sent on or about July 31, 2026, will provide comprehensive details regarding the merger. It will also be accessible on SEDAR+ at www.sedarplus.com.
Subject to the approval of the unitholders, the merger is anticipated to be completed on or about August 31, 2026. In the event that the merger does not receive the necessary unitholder approval, Starlight Capital intends to terminate the Terminating Fund in accordance with applicable securities legislation.
Independent Review and Unitholder Options
The independent review committee for both the Terminating Fund and the Continuing Fund has evaluated the potential conflicts of interest associated with the proposed merger. Following their review, the committee has issued a positive recommendation, concluding that the merger, if implemented, would result in a fair and reasonable outcome for both funds. This endorsement is a critical step in the approval process.
Starlight Capital anticipates that unitholders of the Terminating Fund will have the option to redeem or switch their units at any time up until the close of business on the business day immediately preceding the merger. Further specifics on these options will be detailed in the forthcoming management information circular. Importantly, Starlight Capital will bear all costs and expenses associated with the merger, a move intended to alleviate financial burdens on the fund unitholders.
Forward-Looking Statements and Risk Factors
The announcement includes forward-looking statements, which reflect Starlight Capital’s current expectations regarding future events, including the proposed merger and the termination of the Terminating Fund. These statements are identified by terms such as ‘may,’ ‘will,’ ‘expect,’ ‘plan,’ and ‘anticipate.’ Starlight Capital has based these statements on material factors and assumptions, including its current expectations regarding unitholder approval, the completion timeline, and the potential termination of the fund if approval is not granted. However, the company cautions that these assumptions may prove incorrect and that actual results could differ materially due to various risks and uncertainties.
These risks include, but are not limited to, the failure to obtain unitholder approval, changes in applicable laws or regulatory requirements, and events that could delay or prevent the completion of the merger. The company also refers readers to the risks identified in the Terminating Fund’s simplified prospectus. Starlight Capital has stated it undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by Canadian securities laws.
About Starlight Global Growth Fund and Starlight Capital
The Starlight Global Growth Fund’s investment objective is to achieve superior long-term investment returns through capital growth. It primarily invests in common shares and debt obligations of large-capitalization growth companies globally, with an exclusion for Canadian issuers.
Starlight Capital is an independent Canadian asset management firm managing over $1 billion in assets. The firm specializes in global and North American diversified private and public equity investments across various asset classes, including real estate, infrastructure, and private equity. Their investment approach, ‘Focused Business Investing,’ aims to deliver superior risk-adjusted total returns. Starlight Capital is a wholly-owned subsidiary of Starlight Investments, a global real estate investment and asset management firm with over 380 employees and $30 billion in assets under management. Starlight Investments is a privately held owner, developer, and asset manager of a significant portfolio of multi-residential suites and commercial property space.
