Bahir Manios and David Levenson both worked at the asset management giant for two decades before leaving to start Genesis Financial. The new Toronto-based firm is focused on investments of up to $1 billion in health care, infrastructure, financial services and insurance. (Bloomberg)

Talking point: Rather than raise one big fund, Genesis’ model is to raise capital for specific deals. In Canada, it’s targeting small-cap public companies in the financial services and infrastructure sectors that are “under-researched, unloved, under-owned and under-followed,” Manios told Bloomberg. The five-person team is also seeking health-care deals in the U.S. Genesis has made three investments so far totalling $100 million, including a rehabilitation clinic in Tampa, Fla., for musculoskeletal and brain injuries that is set to open in September.