Sarbjit S. Basra

Managing Partner

Sarbjit S. Basra

Sarbjit S. Basra

Managing Partner

“The strength of our firm – and the value we provide to clients – depends on the strength of our people. We foster an environment that inspires our people to thrive and remain singularly focused on our clients’ success.”

Managing Partner in Toronto, Sarb leads the firm’s strategic direction. He sets the standard for our partnership with his commitment to excellence and client service.

For over two decades, leading private equity firms and institutions have trusted Sarb for his ongoing advice on private fund formation, the creation of pooled investment vehicles and investment transactions – both in Canada and internationally. He is known for providing innovative solutions to clients’ most complex business initiatives – whether structuring a private fund or leading a private equity or M&A transaction.

Clients consider Sarb a “senior and strategic” lawyer who “looks after relationships really well,” describing him as “phenomenal” and “the best in Canada.” (Chambers Canada 2020; Chambers Canada 2019)

Sarb is a key adviser to governments on the establishment of private sector–led funds of funds designed to spark venture capital investment by the private sector. Most recently, he advised the Business Development Bank of Canada on the formation of four funds of funds as part of its Venture Capital Catalyst Initiative.

Sarbjit S. Basra

Managing Partner

“The strength of our firm – and the value we provide to clients – depends on the strength of our people. We foster an environment that inspires our people to thrive and remain singularly focused on our clients’ success.”

Managing Partner in Toronto, Sarb leads the firm’s strategic direction. He sets the standard for our partnership with his commitment to excellence and client service.

For over two decades, leading private equity firms and institutions have trusted Sarb for his ongoing advice on private fund formation, the creation of pooled investment vehicles and investment transactions – both in Canada and internationally. He is known for providing innovative solutions to clients’ most complex business initiatives – whether structuring a private fund or leading a private equity or M&A transaction.

Clients consider Sarb a “senior and strategic” lawyer who “looks after relationships really well,” describing him as “phenomenal” and “the best in Canada.” (Chambers Canada 2020; Chambers Canada 2019)

Sarb is a key adviser to governments on the establishment of private sector–led funds of funds designed to spark venture capital investment by the private sector. Most recently, he advised the Business Development Bank of Canada on the formation of four funds of funds as part of its Venture Capital Catalyst Initiative.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in its strategic sale of a non-controlling interest to Mackenzie Financial Corporation, a subsidiary of IGM Financial Inc., and Great-West Lifeco Inc.

InstarAGF Asset Management Inc.

Acted for InstarAGF Asset Management Inc. in the formation of US$1.2-billion InstarAGF Essential Infrastructure Fund II, an infrastructure fund focused on investments in North America, with limited partners from Canada, U.S., Europe and Asia.

Canadian Business Growth Fund

Acted for Canada's leading banks and insurance companies to form the Canadian Business Growth Fund, an independent evergreen fund with a national mandate to provide long-term patient, minority capital to entrepreneurs pursuing growth and expansion strategies.

Canadian Business Growth Fund

Acted for Canadian Business Growth Fund in connection with its investment in Lift Auto Group, a consolidator of automotive collision repair centres, and its investment in PayBright, a technology-enabled point-of-sale consumer payments and lending platform.

Business Development Bank of Canada

Acting for Business Development Bank of Canada in connection with the Government of Canada's Venture Capital Catalyst Initiative, which involves the formation of certain venture capital fund-of-funds. Northleaf Venture Catalyst Fund II, HarbourVest Canada Growth Fund II, Teralys Capital Innovation Fund and Kensington Venture Fund II, four of the five venture capital fund-of-funds established under the VCCI program, had their final closings in 2019.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company in connection with its acquisition of a 49% interest in Q Management LP, the multi-family asset and property management entity of Conundrum Capital Corporation.

Beringer Capital

Acted for Beringer Capital in connection with its acquisition of AdWeek.

Altas Partners

Acted for Altas Partners in connection with the establishment of the firm and the formation of Altas Partners II LP, Altas' second fund with US$3 billion in commitments.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the formation of an innovative evergreen fund for Canada Pension Plan Investment Board.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the formation of its closed-end private credit program and its open-ended, evergreen private credit investment fund.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the establishment of a US$1.4-billion Northleaf global private credit program and Northleaf's related acquisition, through a new Northleaf-managed investment fund, of a 16% equity stake in Antares Holdings from CPPIB Credit Investments Inc.

Waterton Global Resource Management

Acted as counsel to Waterton Nevada Splitter, LLC, a wholly owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, in connection with the acquisition of the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.

Golden Ventures

Acted for Golden Ventures in connection with the formation of its third fund, Golden Ventures III, a leading seed-stage venture capital fund investing across North America.

Breton Hill Capital Ltd.

Acted for Breton Hill Capital Ltd., a Canadian investment firm managing approximately US$2 billion in client assets, in its sale to Neuberger Berman Group LLC, a global, independent, employee-owned investment manager.

500 Startups

Acted for 500 Startups in the formation of its first Canadian venture capital seed fund.

Sprott Inc.

Acted for Sprott Inc. in the formation of Sprott Private Resource Streaming and Royalty Fund, which focuses on investments in commodity streams and royalties in the global natural resource sector. The fund raised US$701 million, which included syndication capital raised from a large institutional asset manager.

Golden Ventures

Acted for Golden Ventures in connection with the formation of its fourth fund, Golden Ventures IV, a leading seed-stage venture capital fund investing across North America, and its opportunities fund, Golden Ventures Opportunities Fund.

Beringer Capital

Acted for Beringer Capital in the formation of Beringer Capital Fund IV, a private equity fund focused on investments in the media, marketing services, commerce, data and technology sectors.

Waterton Global Resource Management, Inc.

Acted for Waterton Global Resource Management, Inc. in its sale of the Getchell gold project in Nevada to Premier Gold Mines Limited for consideration of up to US$85 million.

B+H International GP Ltd.

Acted for B+H Architects, a leading architecture and design firm, in connection with a significant investment by Surbana Jurong Private Limited in B+H Architects, and the sale by Arcterra Limited Partnership of its interest in B+H Architects to Surbana Jurong Private Limited.

Paymentus Corporation

Acted for Paymentus Corporation, a leading electronic bill payment, presentment and customer communication technology and services company, in connection with an equity investment by Accel-KKR, a technology-focused private equity investment firm.

TriWest Capital Partners

Acted for TriWest Capital Partners in connection with the formation of TriWest IV, a $350 million private equity fund.

ONCAP Investment Partners

Acted for ONCAP Investment Partners in connection with the formation of ONCAP III, an $800 million private equity fund.

Dundee Securities Corporation

Acted for Dundee Securities Corporation in connection with a bought deal private placement of units of Bellhaven Copper & Gold Inc.

Dundee Securities Corporation

Acted for a syndicate of underwriters led by Dundee Securities Corporation in connection with a private placement of units of Aldridge Minerals Inc.

Dundee Securities Corporation and Scotia Capital Inc.

Acted for a syndicate of underwriters led by Dundee Securities Corporation and Scotia Capital Inc. in connection with private placement of common shares of Candente Copper Corp.

Nunavut Iron Ore Acquisition Inc.

Acted for Nunavut Iron Ore Acquisition Inc. and The Energy and Minerals Group in takeover bid proceedings at the Ontario Securities Commission in connection with their unsolicited takeover bid for Baffinland Iron Mines Corporation, and their subsequent successful joint bid with ArcelorMittal, in a transaction valued at $590 million. Nunavut succeeded in its efforts to cease trade the Shareholders Rights Plan of Baffinland, and as a result was able to proceed with its unsolicited bid.

Birch Hill Equity Partners

Acted for Birch Hill Equity Partners in connection with the formation of Birch Hill Equity Partners IV, a $1.04 billion private equity fund.

Liberty Metals & Mining Holdings, LLC

Acted for Liberty Metals & Mining Holdings, LLC in connection with a PIPE investment in Allana Potash Corp.

Northleaf Capital Partners Ltd.

Acted for Northleaf Capital Partners in connection with the formation of a fund to invest $400 million on behalf of Canadian Pension Plan Investment Board in mid-sized Canadian buy-out and venture capital funds.

Province of Ontario

Acted for the Province of Ontario in the formation of the Ontario Emerging Technologies Fund.

Simmons Canada Inc. and SCI Income Trust

Acted for Simmons Canada Inc. and SCI Income Trust in connection with the $136.8-million acquisition by Simmons Bedding Co. of Simmons Canada.

EdgeStone Capital Partners

Acted for private equity firm EdgeStone Capital Partners in the sale of the firm to GMP Capital Trust.

EdgeStone Capital Partners

Acted for EdgeStone Capital Partners in the formation of EdgeStone Capital Equity Fund III, an $800-million private equity fund.

Altas Partners

Acted for Altas Partners in connection with its investments in St. George's University and Capital Vision Services.

Bulletin

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Chambers Canada: Canada’s Leading Lawyers for Business—Investment Funds: Fund Formation (Band 1)

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Investment Funds; Private Equity

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Corporate Commercial Law; Private Equity; Investment Funds & Asset Management: Investment Funds

Lexpert Special Edition: Finance and M&A

The Canadian Legal Lexpert Directory—Corporate Commercial Law (Most Frequently Recommended); Investment Funds and Asset Management: Investment Funds (Most Frequently Recommended); Private Equity (Most Frequently Recommended); Corporate Mid-Market; Corporate Finance and Securities; Mergers and Acquisitions

Lexpert Guide to US/Canada Cross-Border Lawyers in Canada—Financing

The Best Lawyers in Canada—Corporate Law; Leveraged Buyouts and Private Equity Law; Private Funds Law (Lawyer of the Year 2017, 2019, 2021 and 2023, Toronto); Securities Law; Venture Capital Law

Who’s Who Legal: Private Funds—Formation; Who’s Who Legal: Canada—Private Funds

Expert Guides—Private Equity

Bar Admissions

Ontario, 1994

Education

Osgoode Hall Law School, LLB, 1992
University of Alberta, BComm, 1992

Professional Affiliations

Canadian Venture Capital and Private Equity Association