Yellow Point closes fourth fund

The fund will make investments between $10m and $30m in up to seven companies.

Yellow Point Equity Partners, a Vancouver-based firm, has closed its fourth buyout fund, the firm said. It did not disclose the amount.

Fund IV is focused on Western Canada and Ontario but has no sector preference, Yellow Point’s co-founder and managing partner Brian Begert told Private Equity International. The fund will have a buyout emphasis and make investments between $10 million and $30 million, he said.

It follows the same investment strategy as the first three Yellow Point funds and will look to invest in five to seven companies in the next few years, the firm said. It has already made an investment in Edo Japan, a Japanese fast-food franchise in Western Canada.

Yellow Point held a final close for its Fund III in March 2012 following the first close in November 2011. Its investments include in industrial construction and maintenance company CIMS.

Fund III drew commitments from Yellow Point’s CEO advisory committee, Canadian institutional investors and all members of the Yellow Point management team, the firm said. The fund also pursued co-investments.

Yellow Point has more than 40 LPs, Begert said, including past and present CEOs and Canadian institutional investors.

Yellow Point manages over $250 million in capital, according to the firm’s brochure published this month, and focuses on companies in Canada and the Pacific Northwest region of the US with sales between $20 million and $350 million.