Imperial Capital Group closes Fund V ahead of target, raises $295 mln
Canadian private equity firm Imperial Capital Group has closed its fifth fund, Imperial Capital Acquisition Fund V, raising $295 million in total. Fund V exceeded the $250 million target set for it, as reported in September by peHUB Canada, and attracted more than 200 Canadian and global high-net worth investors who have committed alongside institutional investors. Imperial's latest fund also raised well over twice the commitments made to its previous fund, closed in 2009. Imperial makes control-stake investments in lower mid-market companies in Canada and the U.S. Enterprises most often have EBITDA in the range of $5 million and $15 million. Many of the firm's deals have been done in healthcare, branded consumer products and business services sectors. Founded in 1989, Imperial has its headquarters in Toronto.
