Crown Capital-managed NCOF II wraps up with 24 pct IRR
Canadian specialty finance firm Crown Capital Partners said Norrep Credit Opportunities Fund II (NCOF II) has been closed with the recent repayment of a special situations loan to CRH Medical Corp. The fund, established in 2012, invested approximately $81.5 million in five companies. NCOF II generated a gross internal rate of return of about 24 percent and a multiple of invested capital of about 1.5x with its close. Crown was the fund's manager, holding a 53.6 percent interest. Based in Calgary and Toronto, Crown is currently investing from Crown Capital Fund IV, which has deployed about $170 million to date.
10 July 2017•3 mins read
