Westcap raises $57 mln for new management buyout fund
Canadian private equity and venture capital firm Westcap Management has closed Westcap MBO Investment LP with committed capital totaling $57 million. Limited partners included a mix of institutional and high net-worth investors based in Western Canada. The fund will focus on management buyout opportunities involving small and medium-sized companies in Western Canada. In syndication with another Westcap fund, Golden Opportunities Fund, it will target deals ranging between $25 million to $75 million in enterprise value. Westcap, which is based in Saskatoon, also announced the formation of an investment committee comprised of a number of leading business and financial leaders.
15 May 2015•3 mins read
