Peloton seeks up to $600 mln for debut fund led by Ontario Teachers’ alumni
Peloton Capital Management, a private equity firm founded by former principals of Ontario Teachers’ Pension Plan, has begun raising its debut fund, PE Hub Canada has learned. The fund, earmarked for long-term investing in mid-market companies in North American financial services, healthcare and consumer sectors, is targeting $400 million to $600 million, people with knowledge of the matter said. In a statement, Peloton said the fund has already been anchored with a $150 million commitment. The capital was supplied by Stephen Smith, CEO of First National Financial Corp, a Canadian mortgage lender. Bank of Montreal, CIBC, Royal Bank of Canada and TD Bank Group also intend to make commitments.
1 November 2018•3 mins read
