09:39 AM EST, 01/10/2025 (MT Newswires) -- Bank of Montreal ( BERZ ) and Canal Road Group said Friday that they have formed a partnership to expand clients' access to the private lending capital pool.

The companies said the partnership will include a commitment from Bank of Montreal ( BERZ ) that will allow Canal Road Group to invest up to $1 billion in capital to support their direct lending strategy.

As part of the deal, Bank of Montreal ( BERZ ) will own a non-voting minority stake in Canal Road Group's management company.

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