Avalon Oil & Gas Ltd.
Sector: Oil and Gas E & P
Investment: $7,700,000
Share Class: Diversified, Resources
Steel Reef Infrastructure Corp
Sector: Oil & Gas Services
Investment: $15,727,000
Share Class: Diversified, Resources
Centre Square Development LP
Sector: Real Estate
Investment: $3,380,000
Share Class: Diversified

Management Team

As one of Saskatchewan's largest venture capital and private equity managers, our team has a proven track record – not only in building long-term growth for investors but also for job creation and leading the way to a stronger Saskatchewan by focusing on community goals.

The SaskWorks management team is led by President and Chief Executive Officer, Randy Beattie; Vice President, Investments, Chris Selness; and Vice President, Chief Financial Officer and Corporate Secretary, Rob Duguid.

PFM Capital Inc., the manager of SaskWorks, also manages Apex Investment Fund, Prairie Ventures Limited Partnership, Top Soil, and the Saskatchewan Entrepreneurial Fund. This breadth of activity means the managers at SaskWorks Venture Fund have an unparalleled ability to engage in larger, late stage organizations that carry a lower degree of risk. This also allows us to effectively participate in follow-on investment activity as our investee companies succeed and grow. Just as we view effective management teams as a key success factor in our investee companies, we also believe that our own management team is the strongest in Western Canada.

You've seen the indicators of success. Now let's meet the team of dedicated professionals that makes SaskWorks Venture Fund work.


Randy Beattie

Randy Beattie, President & CEO

Randy Beattie is a founding partner in PFM Capital Inc., an Investment Mangement Company managing over 350 million of investment capital. Randy has extensive experience in private equity and venture capital management. He is the President of PFM Capital Inc., SaskWorks Venture Fund Inc. and Prairie Ventures Fund Limited Partnership, the Saskatchewan Entrepreneurial Fund, Apex Investment Fund and Topsoil Farm Land Management Company.

Randy holds a variety of directorships including Koenders Windmills Inc., Keystone Royalty Corp., Crusader Drilling, Factory Optical, Pro Metal Industries, StorageVault Canada Inc. and Westcon Equipment and Rentals Ltd.


Rob Duguid

Rob Duguid – Vice President & CFO

Rob Duguid was born in Moose Jaw, and is a founding partner of SaskWorks Venture Fund and a partner in PFM Capital Inc. Rob holds the position of Vice President, Investments, for PFM Capital Inc., Apex Investment Fund, and Saskatchewan Entrepreneurial Fund. He is Vice President, Investments, and Chief Financial Officer for the general partner of Prairie Ventures Fund Limited Partnership. Mr. Duguid is Chief Financial Officer and Corporate Secretary of SaskWorks Venture Fund Inc.

Prior to joining PFM, Rob was Vice President, Investments, with the Saskatchewan Government Growth Fund Management Corporation, an immigrant investor fund with over $155 million under management. He currently holds several directorships in investee and other companies, including VillaNova Resources Inc., Crestline Coach Ltd., Westcon Equipment & Rentals Ltd., Prairie Plant Systems Inc., Crusader Drilling, ProMetal Industries, Bonus Energy Inc., Norsask Farm Equipment Ltd., Visima Holdings Inc., Factory Optical Management Inc., Hesterman Technical Services Inc., TriWest Exploration Inc., IM Wireless Communications Ltd., and StorageVault Canada Inc.


Chris Selness

Chris Selness, Vice President – Investments

Chris is Vice President, Investments, for SaskWorks Venture Fund. Chris is a designated Chartered Financial Analyst (CFA) and holds an MBA from the University of British Columbia. Chris was born and raised in Melfort, SK. He received his Bachelor of Commerce Degree from the University of Saskatchewan. He holds directorships in Comco Manufacturing Ltd.; Community Electric Ltd. and Hesterman Technical Services, and RW Organic.

Chris began his career in the financial services industry in Toronto in 1987 as a currency trader with the Investment Banking division of the Royal Bank and subsequently moved to Merrill Lynch Canada's Mergers and Acquisition unit.


Mike Merth

Mike Merth, CFO

Mike Merth is originally from Regina. He holds Bachelor of Administration and Bachelor of Science degrees from the University of Regina, and holds both Chartered Accountant (CA) and Certified Management Accountant (CMA) designations. Before joining PFM Capital, Mike worked for a private accounting and financial services company established to provide investment management and administrative services for venture capital and private equity funds.


Jason Moser

Jason Moser, Senior Investment Manager

Jason joined PFM in 2008 and is responsible for originating, due diligence, underwriting, and managing private debt and equity investments.  Prior to joining PFM, he worked in equity research at Raymond James where he was involved in the valuation of conventional oil and gas income trusts. Jason has also spent time on the trading desk at EPCOR Merchant & Capital and with the Canadian Forces.

Jason grew up in Weyburn and graduated from the University of Saskatchewan with a Bachelor of Commerce (Great Distinction).  He has subsequently obtained his Chartered Financial Analyst (CFA) designation and the Chartered Business Valuator (CBV) designation.  Jason resides in Regina with his wife and three children and is involved in a number of community organizations including the Queen City Kinsmen.

He currently holds several directorships in investee companies including Fire Sky Energy, Plains Environmental, and Stampede Drilling.

Johanna Salloum

Johanna Salloum, Senior Investment Manager

Johanna joined the investment team at PFM in 2007. Her responsibilities include the due diligence, underwriting, and management of private equity and debt investments. She also holds a number of directorship positions for various investee companies.

Johanna grew up in Regina and received her Bachelor of Business Administration (Great Distinction) from the University of Regina majoring in Finance and holds a Chartered Financial Analyst (CFA) designation.


René Benoit

René Benoit, Senior Investment Manager

René joined PFM Capital Inc. in 2008. Prior to joining PFM, René spent five years working in the Saskatchewan Credit Union system, most recently with Concentra Financial in the Corporate Finance area. His current role includes the origination, underwriting and managing of private equity and debt investments. René obtained a Bachelor of Administration degree from the University of Regina and also holds the Chartered Financial Analyst (CFA) designation.


Jeff Linner

Jeff Linner, Senior Investment Manager

Jeff joined PFM in 2009. Previously, he worked at a private investment management company, for six years where he was a Vice-President. In this role, Jeff was involved in originating, underwriting and managing private debt and equity investments.

Jeff was raised in Regina and graduated from the University of Regina with a Bachelor of Administration (Great Distinction) with a focus on finance. He also holds the Chartered Financial Analyst (CFA) designation, and the Chartered Business Valuator (CBV) designation. Jeff has previously been involved on the Board of Directors of the CFA Society of Saskatchewan including the role of President in 2009.


Marga Bos

Marga Bos, Accountant

Marga was born and raised in The Netherlands in the province of Groningen. In May of 2007 she and her family immigrated to Canada where they made a home in Balgonie SK. Marga has a college degree in accounting and has previous work experience as an accounting assistant and as a client services representative.


Annette Zaleschuk

Annette Moore, Office Manager

Annette Moore became part of the PFM Capital team in the fall of 2006. Annette is originally from Courtenay, B.C. She and her family have lived in Saskatchewan for twenty years. Annette was previously employed at the Credit Union Deposit Guarantee Corporation where she used her exceptional organizational skills to assist the monitoring team in launching Risk Based Monitoring within the credit union system. Prior to that, Annette worked as the Communications and Marketing Director for a mutual fund dealer. Annette's Master's degree in Counseling is a value-added component to her skill-set.

Annette is responsible for supporting the management and boards of PFM Capital, SaskWorks, PVLP, SEF, and APEX.


Victoria Swan

Victoria Swan, Investor Relations

Victoria joined the PFM team in January 2010 upon graduation from Simon Fraser University. She holds a Bachelor of Business Administration degree with a second major in Communications and a concentration in Marketing.

Victoria is responsible for maintaining high-quality, timely communication with shareholders and financial advisors. She is also involved in marketing and event coordination.


Eric Clark

Eric Clark, Investor Relations

Eric joined PFM in December 2010 after graduating from the University of Regina earlier that year. He holds a bachelors degree in business administration with a major in finance and a certificate in economics. He is currently working towards obtaining his CFA designation.

Eric is the newest member of our Investor Relations team and is working primarily with the SaskWorks Venture Fund. He is responsible for building and maintaining relationships with PFM's investment advisor network, marketing and event coordination.

READ OUR PROSPECTUS > This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your Investment Advisor or the Fund’s agent, MGI Securities Inc. (www.mgisecurities.com). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.