Imperial Capital Group has held a final closing of its fifth fund, Imperial Capital Acquisition Fund V, at $295 million – $45 million above the original target of $250 million. The new fund has an investor base of more than 200 Canadian and international high net worth investors who have invested alongside several institutional investors.
“Since our inception in 1989, we have focused on fostering the growth and development of outstanding companies in the healthcare, branded consumer products, and business services industries,” said Jeffrey Rosenthal, co-founder of Imperial Capital. “We are gratified to see this new fund being oversubscribed, which we believe reflects the strength of our investment strategy and past successes.”
Imperial Capital is a Toronto-based private equity fund manager that focuses on buy-out opportunities in the Canadian and American mid-market. As with past funds, Fund V will invest in companies that have revenue between $20 million and $200 million and are active in the healthcare, branded consumer products, and business services industries (www.imperialcap.com).
“Our long-term success has been based on identifying businesses in lower risk industries that have strong, consistent cash flow and good growth opportunities,” said co-founder Stephen Lister. “Aided by our relationships with industry-leading executives who serve as CEO Partners, Imperial Capital has demonstrated an ability to build sustainable, long-term growth platforms that create tremendous value for our stakeholders.”
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-10-14