MONTREAL, Quebec, June 04, 2018 (GLOBE NEWSWIRE) — Darwin Strategic Royalty Fund, LP is pleased to announce that Grenville Strategic Royalty Corp founder and former CEO, Steve E. Parry, will be joining Darwin Strategic Royalty Corp (the “General Partner”).
Mr. Parry has been one of the leading voices for the innovative use of royalty structures as a source of funding for growing technology businesses. He brings to the General Partner his extensive expertise on deal structuring and business development, along with a solid deal flow network. Mr. Parry will also provide the General Partner with a Southern Ontario base for conducting business. The General Partner currently operates out of Montreal and Ottawa.
Managing Partners Louis Desmarais and Brad Romoff commented: “We are very pleased to have Steve join us bringing his significant knowledge as one of the early innovators in tech royalty finance.”
About Darwin Strategic Royalty Fund, LP
Darwin Strategic Royalty Fund, LP purchases revenue-based royalties from technology-enabled companies located throughout North America. The Fund provides venture-like returns on a yield basis by generating both monthly royalty streams and buyout payments. It invests in transactions sourced by the General Partner, and co-invests in deals generated by its joint venture partner, Grenville Strategic Royalty Corp. The Fund has a portfolio currently consisting of ten (10) investments. It is structured as an evergreen fund (raises money on an ongoing basis), offers quarterly distributions to its limited partners, and allows for capital redemptions.