Crown Capital Partners has raised C$250 million (€157 million; $197 million) for a fund that will make private equity and debt investments in mid-market companies in Canada.
The fund, Crown Capital Financing, will be used for alternative debt structures including bridge financing and subordinated loans ranging from $5 million to $50 million. The firm also will seek to buy distressed loans and control position equity investments, Crown said in a statement.
“This new capital pool provides us with high level of flexibility, which will be a significant asset as global leverage continues to unwind and capital markets transition to new sources of capital,” Chris Johnson, managing partner and chief investment officer with Crown, said in a statement.
Crown, which was established in 2000, usually invests $5 million to $25 million in its deals. Some of Crowns past transactions include providing acquisition financing of WellPoint Systems and Stephenson’s Rental Services in 2007.