Catalyst Capital closes fifth distressed-for-control fund at over $2 bln
Canadian private equity firm Catalyst Capital Group has raised over $2 billion (US$1.5 billion) of committed capital in the close of its fifth distressed-for-control fund. Catalyst Fund LP V exceeded its target of US$1.25 billion, and its hard cap of US$1.5 billion, with the help of pension funds, endowments, foundations and other institutional investors located in North America, Europe and Asia. Toronto-based Catalyst, which was founded in 2002, specializes in control and influence investments in distressed and under-valued Canadian situations. Deploying over 90 percent of its capital in senior secured debt, it has backed such companies as Advantage Rent A Car, Callidus Capital and Mobilicity.
14 October 2015•3 mins read
