Catalyst Investors has held the final close of its fourth fund, Catalyst Investors IV, with $377 million in capital commitments. The new fund closed on March 31st and was oversubscribed and exceeded its $350 million target.
“We’re very grateful to our limited partners – both returning and new – for their support through this fundraise,” said Brian Rich, Co-founder and Managing Partner at Catalyst. “We exceeded our target amount and concluded the process very quickly, which has allowed us to continue our focus on identifying and supporting the most promising growth companies.”
Catalyst makes both minority and majority investments of up to $60 million in companies with enterprise values of less than $150 million. Fund IV, as with earlier funds, will focus on growth sectors such as business and consumer services (digital media, eCommerce, healthcare IT, and education technology), cloud computing (SaaS and business intelligence), and communications infrastructure (wireless towers, wireless spectrum, and data centers).
Fund IV has already completed its first transaction with the 2015 investment in InSite Wireless, a builder, owner and operator of wireless tower site facilities primarily for wireless carriers. InSite is based in Alexandria, VA (www.insitewireless.com). The transaction team for the InSite Wireless transaction included Partner Todd Clapp (lead), Partner Chris Shipman, and Vice President Eric Steele.
Catalyst Investors was founded in 1999 and is headquartered in New York (www.catalystinvestors.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-29-15