TorQuest Closes Fund 3

TorQuest Closes Fund 3

torquest nfTorQuest Partners has held a final closing of its third fund, TorQuest Partners Fund III, with C$535 million of committed capital. The new fund will target middle-market private equity investment opportunities in Canada and the United States. The new fund is comprised of three separate fund entities: TorQuest Partners Fund III, L.P., TorQuest Partners Fund (U.S.) III, L.P., and TorQuest Capital Fund III, L.P.

“The success of this fundraising is a strong validation of our team and historical track record as we use the firm’s capital, experience and expertise to help build great businesses,” said Brent Belzberg, Senior Managing Partner. “We appreciate the support of both our returning and new investors.”

TorQuest Partners makes equity investments of C$15 million to C$100 million in companies with enterprise values of C$40 million to C$250 million that are located in Canada and the US. The firm invests in a range of industries but has a particular interest in manufacturing, business services, financial services, food, consumer products and specialty chemicals. TorQuest was founded in 2002 and has over C$1 billion of equity capital under management. The firm is headquartered in Toronto (

“We believe strong management teams are the lifeblood of our investments and that we can create value without excessive leverage or financial risk,” said Eric Berke, Managing Partner. “We are excited by the opportunities we are seeing today.

© 2013 PEPD • Private Equity’s Leading News Magazine • 9-10-13

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