Novacap Industries IV reaches 70 pct of $425 mln target in first close

Canadian mid-market private equity firm Novacap has not yet begun broad marketing of its fourth traditional industries fund, Novacap Industries IV LP. It has nonetheless already managed a first close that puts it within close reach of its target. Earlier this month, Fund IV secured $300 million in institutional capital commitments, which represents nearly 71 percent of the $425 million targeted in total.

22 October 2014•4 mins read
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