Northern Private Capital

"“He would act like an investment house, owning companies but running them at arm’s length.” That’s similar to what Risley ended up doing with his many investments through CFFI and Northern Private Capital, the US $ 250-million private equity fund he co-founded in 2019."

"Risley also held investments through his controlling stake in Northern Private Capital (NPC), a US $ 250-million venture fund he started in 2018 with Andrew Lapham, a former Blackstone executive and son-in-law of former prime minister Brian Mulroney. CFFI is the biggest contributor to NPC, which like CFFI itself has investments in a wide range of companies, in allotments from $ 10–40 million. Among them: Aspire Food Group, which makes protein from insects, including crickets. The company was building what Risley said would be “the world’s largest and most efficient protein producing plant,” in London, ON; Taiga Motors, a Montréal startup that makes electric snowmobiles and personal watercraft (basically an electric Sea-Doo); Loop Industries, which says its technology can turn polyethylene terephthalate plastic and polyester fibre—which cannot be conventionally recycled—into high-value materials; MicroSintesis, a PEI company developing technology to help replace the use of antibiotics in pork and poultry production."