PFM Capital unveils retail fund following $55 mln initial close of second partnership

Canadian private equity firm PFM Capital has unveiled a new retail fund focused on diversified private equity investments based in Saskatchewan's middle market. Apex II Private Equity Fund LP will provide retail investors access to the firm's second partnership, Apex II Investment Fund LP, which raised $54.9 million from high net worth and institutional investors in its initial close in December 2013. Fund II's managers have set a target of $100 million, and a hard cap of $150 million, for the partnership. Its final close is expected to take place in June. With more than $550 million in assets under management, PFM Capital is based in Regina, Saskatchewan.

ManagersCanadaNorth AmericaBriefs