Imperial Capital Group nears finish line with $650 mln Fund VII

Imperial Capital Group is only weeks away from wrapping up a seventh mid-market fund at its $650 million hard cap. Imperial Capital Acquisition Fund VII, launched in December, has already raised or hard-circled commitments above its $500 million target, Managing Partners Jeff Rosenthal and Justin MacCormack told PE Hub Canada. They expect to see a final close at $650 million in April. If this happens, the fund will be the largest in the Toronto private equity firm’s three-decade history, exceeding by 30 percent the $500 million secured by Fund VI in 2017.

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