Steel Reef Infrastructure Corp
Sector: Oil & Gas Services
Investment: $5,300,000
Share Class: Diversified, Resources
Bruin Oil & Gas Ltd.
Sector: Oil & Gas Exploration and Production
Investment: $5,300,000
Share Class: Diversified; Resources
Kensington Flats Development LP
Sector: Real Estate
Investment: $2,048,000
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 Salloum is a Senior Investment Manager at PFM Capital. Ms. Salloum joined PFM’s investment team in 2007 upon completion of her university education. Ms. Salloum holds a Bachelor of Business Administration as well as the Chartered Financial Analyst (CFA) designation.

At PFM, Ms. Salloum manages approximately one quarter of the portfolio holdings, which includes occupying a number of investee directorship positions, while also leading new debt and equity investments taking them from due diligence through to closing.

In her spare time, Ms. Salloum also holds volunteer board positions with the CFA Society of Saskatchewan, the YWCA Regina, and the MacKenzie Art Gallery.

René Benoit

René Benoit, Senior Investment Manager

René joined PFM Capital Inc. in 2008 and is responsible for originating, due diligence, underwriting, and managing private debt and equity investments. Prior to joining PFM, René worked in the Saskatchewan Credit Union system, including Concentra Financial in the Corporate Finance area. Originally from Prince Albert, René obtained a Bachelor of Administration degree from the University of Regina and also holds the Chartered Financial Analyst (CFA) designation.

René is a past board member of the CFA Society of Saskatchewan where he was the Membership Committee Chair. He currently holds several directorships including investee companies, the National Affordable Housing Corporation and  la Fondation Fransaskoise.

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.

Lynda Bachiu, Office Manager

Lynda Bachiu has joined the PFM team as the new Office Manager.  Lynda was raised and completed her education in Ontario before moving to Regina in 1988.  Lynda has previous administrative experience in the securities, banking and legal sectors.  Her eye for detail and organizational skills are an asset to the office.

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

Eric Clark

Eric Clark, Investor Relations and Investments

Eric is a member of the investor relations and investment teams at PFM. Eric holds a Bachelor of Business Administration from the University of Regina and is a Chartered Financial Analyst (CFA) charterholder.

At PFM, Eric's responsibilities include investor relations, compliance, governance and portfolio management. Eric plays an integral role in managing relationships with PFM's key stakeholders, strengthening the firm's investor base while sourcing high-quality investment opportunities for its portfolios with a special focus on natural resource investment.

Michael Truong

Michael Truong, Investor Relations

Michael joined the PFM team in November 2015 after graduating from the University of Regina. He holds a Bachelor of Business Administration degree in Marketing. Previously, Michael worked at The Phoenix Group Advertising as a Media Buyer.

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

Adam Laprairie

Adam Laprairie, Investment Analyst

Adam joined PFM Capital in 2015 as an Investment Analyst after graduating from the University of Regina. He holds a Bachelor of Business Administration in Finance and is currently a CFA level I candidate. Previously, Adam worked at Greystone Managed Investments Inc. as an Analyst Assistant on the real estate & mortgages team.

At PFM, Adam is responsible for providing analysis on the portfolios current investments and investment opportunities, as well as preparing quarterly reports and market research.

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 agent, Industrial Alliance Securities Inc. ( Investors should read the prospectus and consult an Investment Advisor before making an investment decision.