Catalyst Capital's fifth distressed fund raises $650 mln in first close
Canadian private equity firm Catalyst Capital Group has secured US$650 million in initial committed capital for its fifth distressed-for-control fund. Catalyst Fund LP V, which is targeted to raise US$1.25 billion in total, with a hard cap total of US$1.5 billion, completed a first close with the backing of new and existing limited partners. They included university endowments, charitable foundations, pensions plans, family offices and financial institutions. The Toronto-based Catalyst Capital, which is focused on control and influence investing in Canada, said Fund V's final close will result in the firm managing more than US$5.7 billion of cash and investments. Atlantic-Pacific Capital is the fund's placement agent.
21 April 2015•3 mins read
