The Globe and Mail reports in its Monday edition that a group of indigenous business veterans has launched an alternative asset manager with a $1-billion target for their first fund. The Globe's Andrew Willis writes that Vancouver-based Longhouse Capital Partners was established this spring to collaborate with first nations on both investments and training the next generation of business leaders. The founders of the indigenous-run firm are also drawing on a former provincial premier and federal cabinet minister to advise on investing in private debt, infrastructure and real estate assets. Longhouse is led by co-founder and chief executive officer Fred Di Blasio, a member of the Huron-Wendat Nation and former executive at Nch'Kay Development. Mr. Di Blasio's responsibilities at the Squamish Nation-owned company included launching the 6,000-unit Senakw condo development in Vancouver -- one of the country's largest indigenous-owned projects, supported by a federal $1.4-billion loan -- in partnership with developer Westbank Corp. He was previously a business development executive at Telus and AT&T Inc. Longhouse will look for investment opportunities in both indigenous projects and traditional private equity markets.