Birch Hill Equity Partners' Fund V secures $1.3 bln in final close

Canadian mid-market private equity firm Birch Hill Equity Partners has closed its fifth fund, Birch Hill Equity Partners V LP, at $1.3 billion in committed capital. The oversubscribed fund, backed by a mix of North American and European institutional investors and family offices, surpassed the $1.04 billion raised by Fund IV in 2011. As reported by PE Hub Canada in 2014, Birch Hill was expecting to raise close to the same amount for Fund V as its predecessor. The Toronto-based firm said it will probably make investments ranging from $30 million to $600 million, across 10 to 12 companies within Fund V. Birch Hill reports having delivered an 18 percent cumulative average rate of earnings growth over the past 20 years.

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