Distressed-for-control investor Catalyst Capital raises $812 mln for Fund IV

Toronto-based Catalyst Capital Group has raised US$812 million of capital commitments for its fourth distressed-for-control partnership, Catalyst Fund LP IV, exceeding its initial target range of up to US$750 million. Fund IV was backed by existing investors in Catalyst's other funds, as well as new institutional investors. The firm's previous partnership, Catalyst Fund LP III, had its final close in 2011 at a hard cap of over US$1 billion. Catalyst's current portfolio companies include Gateway, Planet Organic, Snowbear and YRC Worldwide.

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