Imperial Capital goes bigger with $500 mln close of sixth mid-market fund

Imperial Capital Group, one of Canada’s oldest private equity firms, has raised $500 million for its sixth mid-market fund to create fresh opportunities for doing large-size deals. The Toronto investor in March closed Imperial Capital Acquisition Fund VI at its hard-cap target, 25 percent above its original goal of $400 million, Managing Partner Jeff Rosenthal told PE Hub Canada. It's the largest fund Imperial has raised in its 28-year history, exceeding by 70 percent the $295 million secured by Fund V in 2014.

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