Kilgour Williams Capital are credit management experts with an extensive background in credit, structuring and risk management.


We rose to prominence during the global credit crunch of 2007 as a structured credit advisor helping those corporations, institutions, and retail investors who were hurt by the meltdown of Canada’s $34 billion Third Party Asset-Backed Commercial Paper market. We provided advisory, risk management, valuation, trading, and litigation support to investors, regulators, and investment dealers across Canada and the United States.

Over the ensuing decade, Kilgour Williams advised credit investors whose holdings represented approximately 20% of the paper outstanding – roughly $2 billions. From 2009 to 2017, Kilgour Williams clients typically enjoyed annual returns in the mid to high teens.

In 2017 Kilgour Williams Capital launched KIWI Private Credit Fund to invest in the US small credit market where individual loans range from $5,000 to $300,000. The Fund provides investors access to one of the most diversified and uncorrelated credit markets in North America. In 2021 we launched the Kiwi Business Credit Fund to invest in small business loans, and in 2022 we launched Kiwi Private Credit Fund – Registered Eligible which offers the same portfolio as Kiwi Private Credit Fund and is open to Registered accounts like RRSPs, TFSAs, RRIFs and RESPs.  The firm’s principals each have 20 years of senior level experience in managing all forms of credit investments and have an extensive background in credit, structuring and risk management.


Colin Kilgour    


Colin Kilgour has been active in the Canadian credit and structured finance market on a full time and continuous basis since 2001. At that time, Colin co-founded a company called Efficient Capital Corporation (ECC), which provided accounts receivable financing to corporations and funded that credit through a commercial paper conduit which ECC administered. ECC was sold in 2006 and the ECC conduit was one of the very few non-bank ABCP issuers was not affected by the market disruption in 2007. He founded the predecessor firm of KWC in 2007.

Daniel Williams    


Prior to joining, he was the Chief Investment Officer of Dundee Bank of Canada. He has been working as a KWC principal since 2009. From 2001 to 2006, he was the Head of Credit Portfolio Management for National Bank of Canada where he had oversight to maximize the risk-adjusted return on the bank’s $4 billion portfolios of corporate loans.  Dan established the bank’s centralized Credit Portfolio Management function and sat on the Deals Committee, which reviewed and adjudicated every corporate loan.  New measurements of bank-wide loan value were introduced and advanced portfolio-level risk models were implemented to identify industry and geographic risks, which were then hedged using credit derivatives.

Sylvain Brosseau 

Board Member

Sylvain Brosseau is CEO of Walter Global Asset Management and has over 25 years of experience in the investment management industry, including his tenure as Global President and Chief Operating Officer of Fiera Capital from 2003 to 2017.  Under his leadership, the company grew its assets under management from $5 billion to $120 billion and its market capitalization from $20 million to over $1 billion. He also spearheaded the firm’s international expansion, overseeing more than 15 acquisitions across Canada, the United States and Europe and the opening of new offices throughout North America and Europe.

Sarah Cheng  

Head of Investor Relations and Business Development

Sarah joined KWC in 2022.  She has 13 years of investor relations and capital markets experience. Sarah has worked in investor relations since graduating from Columbia Business School in 2014. Her experience covers a range of private markets funds, including real estate private equity, middle market buyout, secondaries, and long/short equities. In addition to her MBA, Sarah also has an HBA degree from Ivey Business School.

Dhara Gor  

Vice President, Portfolio Management

Dhara joined KWC in 2019 and is part of the portfolio management team.  Additionally she has significant experience managing the treasury and overall operations of the KWC funds.  Prior to joining KWC, she gained over 4 years of experience in Corporate Finance & Strategy in Deloitte and JP Morgan.  She is a Chartered Accountant (India) and holds a BComm in Finance & Accounts from the University of Mumbai.

Husayn Hirji  

Manager, Treasury and Operations

Husayn joined KWC in 2022 and is responsible for treasury and fund operations.  Prior to joining KWC, Husayn developed 10 years of fund administration experience through various fund administration roles with Georgian, Tacita Capital, MUFG Investor Services, and SSC Technologies.  He has a B.Math from University of Waterloo.


Walter Global Asset Management (WGAM) is an international private equity platform providing development capital and expertise to growth-oriented boutique asset management leaders and to strategic service providers in the industry.  In 2020, WGAM purchased a minority equity position in Kilgour Williams Capital.

WGAM acts as a true, active business partner for asset management companies with an entrepreneurial mindset, in order to facilitate, accelerate and sustain their growth. WGAM is committed to being a permanent and reliable institutional partner for its portfolio companies and to supporting them in key strategic areas: operational efficiency, human capital development, innovation and distribution.


Kilgour Williams Capital is registered with the Ontario Securities Commission and Quebec’s Autorité des marchés financiers as an Exempt Market Dealer, Investment Fund Manager, and Restricted Portfolio Manager.


  49 Front Street East, Suite 400

        Toronto, Ontario, Canada M5E 1B3



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