CBGF launches with initial $545 mln to invest in mid-market companies
The Canadian Business Growth Fund has launched a fund with an initial commitment of $545 million, estimated to increase to $1 billion in the future. CBGF seeks to invest between $3 million and $20 million in Canadian middle-market companies with $5 million or more in annual revenue. CBGF's backers include BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank, TD Bank Group, ATB Financial, Great-West Life, HSBC Bank Canada, Manulife, National Bank of Canada, Sun Life Financial, Canadian Western Bank and Laurentian Bank of Canada. George Rossolatos, a co-founder and ex-partner of Canadian private equity firm TorQuest Partners, was named CEO of CBGF this past January.
19 June 2018•3 mins read
