Crown Capital’s Fund IV reaches $175 mln with upsizing

Canadian specialty finance firm Crown Capital Partners has increased the size of its fourth special situations fund to $175 million. Crown Capital Fund IV, which initially closed in September 2015, received an additional commitment of $50 million. It has a maximum limit of $300 million, which may be reached through additional closings expected up until September 2018. As reported by PE Hub Canada in 2015, Crown Capital is pursuing a two-track fundraising process that includes public sources. To date, Fund IV has invested $110 million of debt and quasi-equity in six deals. This includes the $15 million invested last month in Source Energy Services.

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