Chris Witkowsky
Pantheon and Aberdeen Standard Investments led the deal alongside other investors.
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Financing for the transaction will include significant equity reinvestment from Cornell Capital and CDPQ, as well as from the other existing investors.
The investor group acquired CitiFinancial Canada from Citi in 2017 and rebranded the company as Fairstone.
Ascent will use the investment to support the expansion of the company’s existing programs and potential acquisitions of complementary programs.
Bott most recently was managing partner and head of investor relations at BC Partners, where he led fundraising for 10 years.