About SaskWorks

As at August 18, 2017

SaskWorks Diversified (Class A - Series A) $18.2626 SaskWorks Resources (Class R - Series A) $11.1778

SaskWorks Diversified (Class A - Series F) $18.9777 SaskWorks Resources (Class R - Series F) $11.5138

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. Our team is 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, President & CEO

Read More

Randy Beattie is a founding partner in PFM Capital Inc., an Investment Management Company managing over 640 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 Crusader Drilling, Factory Optical, Hospitality Network, Hi Tec Industries, and the Saskatchewan Chamber of Commerce, Chamber Insurance Corporation of Canada, Junior Achievement and the Saskatchewan Roughriders Football Club.


Rob Duguid - Chief Investment Officer

Read More

Rob Duguid is a founding partner of SaskWorks Venture Fund and a partner in PFM Capital Inc. Mr. Duguid holds the position of Vice President, Investments, for PFM Capital Inc., Apex Investment Fund, Apex II 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.

From 2000 to 2003, Mr. Duguid was a partner with Crown Capital Partners Inc. From 1994 to 2000, Mr. Duguid was Vice President, Investments with the Saskatchewan Government Growth Fund Management Corporation (“SGGF”). SGGF owned a group of immigrant investor funds, with over $155 million under management, making it at the time one of the largest of such funds in Canada. Prior to joining SGGF, Mr. Duguid was Vice-President, Finance and Investments with the International Centre for Agricultural Science and Technology (“ICAST”). Mr. Duguid held this position from 1992 to 1994. ICAST’s mandate was to assist Canada’s agrifood industry in the commercialization of new products and technology. Before joining ICAST in 1992, Mr. Duguid was a Manager with Peat Marwick Stevenson and Kellogg Management Consultants, now known as KPMG. Mr. Duguid was responsible for the Regina practice of this national management consultancy at the time of his departure in 1992. During his six years at KPMG and predecessor firms, Mr. Duguid conducted business planning, market strategy and research, economic impact, and strategic planning assignments for clients located across Canada, as well as in the United States and Europe. Mr. Duguid graduated with a Bachelor of Business Administration (distinction) from the University of Regina.

Mr. Duguid currently holds several directorships in investee companies, including, Crestline Coach Ltd., I.M.Wireless Communications Inc., Avalon Oil & Gas Ltd., StorageVault Canada Inc., Factory Optical Management Inc., Visima Holdings Inc., Norsask Farm Equipment Ltd., Crusader Drilling Corp., Auctus Property Fund LP, HiTec Profiles Inc., James Hill Road Villa LP, Plains Environmental Inc., Prairie Plant Systems Inc., Steel Reef Infrastructure Fund, and Hospitality Network Canada Inc.

Chris Selness, VP Investments

Read More

Chris Selness is contracted to PFM Venture Capital Operations Inc., and serves as the Vice-President of Investments for the SaskWorks Venture Fund. Prior to October 1, 2004, Mr. Selness was a partner of Crown Capital Partners Inc., a venture capital management firm. Mr. Selness was an executive of Crown Life Insurance Company from 1996 to 2002, holding senior positions in the Group Insurance Division, Investments, and Human Resources, executing several successful turnarounds. Mr. Selness also spent twelve months working for The Canada Life Assurance Company, assisting that company with the integration of Crown Life’s group insurance operations. Mr. Selness 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 Acquisitions unit. In 1990 Mr. Selness joined Abitibi-Price Inc. (now Abitibi-Consolidated) and had responsibility for developing the organization’s $3 billion dollar currency/interest rate risk management programs, and was involved in the organization’s corporate development activities. Mr. Selness holds a Chartered Financial Analyst designation, as well as an MBA from University of British Columbia, and a Bachelor of Commerce Degree from the University of Saskatchewan.

Mr. Selness holds several directorships in investee companies, including Moody’s Farm Equipment and Prairie Soil Services.


Mike Merth, CFO

Read More

Mike Merth is from Regina. He holds Bachelor of Administration and Bachelor of Science degrees from the University of Regina, and holds both Chartered Professional Accountant (CPA) 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, Senior Investment Manager

Read More

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 five 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, Stampede Drilling, and WindRiver.


Johanna Salloum, Senior Investment Manager

Read More

Johanna Salloum is a Senior Investment Manager at PFM Capital, having joined the firm in 2007. Ms. Salloum holds a Bachelor of Business Administration (Great Distinction) as well as the Chartered Financial Analyst (CFA) designation.

At PFM, Ms. Salloum monitors and manages PFM’s involvement in a number of portfolio holdings, while also leading new debt and equity investments as well as participating in the management and decision-making process of PFM’s investment team.

Ms. Salloum holds directorships with a number of investees, and in her spare time she volunteers as a board member of the YWCA Regina, is the President of the CFA Society of Saskatchewan, and is the Vice President of the Board of Trustees of the MacKenzie Art Gallery in Regina.

René Benoit, Senior Investment Manager

Read More

René Benoit 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. Originally from Prince Albert, René obtained a Bachelor of Administration degree from the University of Regina. He also holds the Institute of Corporate Directors (ICD.D) and the Chartered Financial Analyst (CFA) designations.

He currently holds several directorships including investee companies, the National Affordable Housing Corporation and la Fondation Fransaskoise.


Jeff Linner, Senior Investment Manager

Read More

Jeff joined PFM in 2009 and is responsible for originating, due diligence, underwriting and managing private debt and equity investments. Prior to joining PFM, he worked at a private investment management company for six years where he was a Vice-President. In this role, he gained significant experience working on transactions across Canada in a number of industries.
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 is on the Board of Directors for the Canadian Venture Capital Association (CVCA), the Regina Food Bank and has previously been involved on the Board of Directors of the CFA Society of Saskatchewan including the role of President in 2009. He currently holds several directorships in PFM portfolio companies.


Marga Bos, Accountant

Read More

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

Read More

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, Investor Relations and Investments

Read More

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) charter holder.

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, Investor Relations

Read More

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, Investment Analyst

Read More

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 level II candidate in the CFA program.  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.


Janet Zakresky, Controller

Read More

Janet Zakresky joined PFM Capital Inc. in 2010 as Controller. She received a Bachelor of Commerce (Distinction) from the University of Saskatchewan, with a major in accounting. Janet also earned a Bachelor of Education (Distinction) from the University of Regina, with a major in Business Education. In addition to her education, she has a diverse business background with experience in both public and private sectors, which served her well in her financial consulting business.


Ben Findlay, Relationship Manager

Read More

Ben is a member of the Investor Relations team at PFM Capital Inc. Graduating in 2014 from Arizona State University, Ben holds a Bachelor of Science degree in Human Communication and a Bachelor of Arts degree in Design Management; each with summa cum laude distinction. Previously, Ben held the position of District Manager for the Canadian Federation of Independent Business (CFIB) where he managed a large client base consisting of small/medium sized independent business owners in Saskatchewan and Manitoba. At PFM, Ben’s title is Relationship Manager — he plays an integral role in managing relationships with PFM’s key stakeholders, expanding the firm’s investor base, and providing top-tier service to PFM’s wide range of clients and prospects.


Please choose one of the following options to enter the site.

Search FAQs Advisor FAQs Legal Contact Facebook Logout

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. (www.iavm.ca). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.