TorQuest Partners has held an above target final closing of TorQuest Partners Fund IV at the fund’s hard cap of $925 million. The initial targeted amount was $750 million.
TorQuest makes equity investments of $15 million to $100 million in companies with enterprise values of $40 million to $250 million that are located in Canada and the US. The firm invests in a range of industries but prefers the manufacturing, business services, financial services, food, consumer products and specialty chemicals sectors.
“We very much appreciate the ongoing trust and confidence of our limited partners,” said Brent Belzberg, Senior Managing Partner. “We will continue to execute the same strategy with the same team that has delivered attractive investment returns for our partners, and established a strong reputation among business owners and management teams, and across the Canadian business and financial communities.”
TorQuest was founded in 2002 and has over $2 billion of equity capital under management. The firm is headquartered in Toronto (www.torquest.com).
© 2016 Private Equity Professional • 7-1-16
