Callisto Capital has held a first close for its fourth Fund, Callisto Capital IV, raising $188 million from Canadian investors. Callisto’s target for its new fund is $300 million and the final close is expected to occur sometime during 2015.
The first close investors include both returning institutional investors and individual investors, most of whom have been partners with Callisto for many years, including CEOs of both current and past portfolio companies.
“Raising this capital is a validation of our strategy,” said Joe Shlesinger, a Callisto Managing Director. “Our focus for this fund is much the same as it was in our previous funds, which is partnering with leading management teams to grow value in their businesses.”
Callisto Capital invests from $25 million to $50 million in equity capital per investment. The firm has an interest in many industries but has a specific interest in health care, retail and business services. Callisto Capital is headquartered in Toronto (www.callistocapital.ca).
“Mid-market private equity in Canada ideally suits our Bain & Company backgrounds, as we have a demonstrated track record of working productively with our portfolio companies and creating leading Canadian businesses,” said Larry Stevenson, a Callisto Managing Director.
2014 PEPD • Private Equity’s Leading News Magazine • 12-10-14