PFM Capital's Apex III launches, raises initial $80 mln-plus
Canadian private equity firm PFM Capital has secured more than $80 million in the first close of Apex III Investment Fund LP. The fund, which has a target of $100 million and a hard cap of $125 million, was backed by wealthy and institutional investors. It is expected to wrap up in the first half of 2019. Apex III will invest equity, quasi-equity or subordinated debt in mid-market companies in energy, value-added agriculture, industrial and manufacturing sectors in Western Canada. The capital will be used mostly for expansions, acquisitions and management buyouts. Established in 1989, Regina-based PFM is led by President and Founding Partner Randy Beattie.
16 January 2019•3 mins read
