Park Stud Broodmare Investment Fund
Park Stud Launch Investment Fund
Toronto, ON - For the first time in Park Stud’s storied 35-year history, the farm will begin offering investment partnerships through the Park Stud Broodmare Investment Fund, launched this month.
Park Stud is Canada’s premier commercial thoroughbred stallion farm. The farm counts 10-time leading Canadian stallion Bold Ruckus, Canadian Triple Crown winner Peteski, and Queen’s Plate winner Mike Fox among its success stories. Millionaire multiple Champion Financingavailable, co-bred by Park Stud is one of many winners produced by the farm, which has collective prize money earnings in excess of $25,000,000.
“Park Stud’s management guided Morgan and our family to the pinnacle of Canadian horse racing and sporting achievement when Mike Fox won the Queen’s Plate for us,” said Julie Firestone of Firestone Farms.
“We analysed our businesses and found that our short-term broodmareinvestments were yielding consistently high returns and regular home runs,” said Mike Byrne, Park Stud’s founder. “Between Warren and myself, we have purchased the producers of 4 international Grade/Group One winners in a short period of time on a limited budget.”
The fund will raise capital for the purchase of broodmares in 2017 at elite Kentucky auctions. The resulting offspring will be sold through public auctions in 2017 - 2019, and the fund will be wound down in December 2019.
“We see this innovative effort as a way to expand interest in the Ontario thoroughbred industry in what we anticipate will be a great experience and, hopefully, a very profitable one. We undoubtedly need fresh blood in the sport and this fund offers a fun, low risk learning experience for anyone who’s ever wanted access to our sport. Racing is known as the “Sport of Kings” and we believe our experience befits that moniker.”
Financial planning and strategic advice will be provided to the fund by Michael Richardson, Vice President of Caldwell Securities, one of Canada’s most respected financial services institutions.
Recent commitments from the Ontario government to a long-term funding structure for horse racing in Ontario provides confidence to invest in the sport. The fund is structured in such a way that it is not reliant on the local market and will produce horses suited to the new global nature of the thoroughbred marketplace.