VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO--(Marketwired - July 9, 2015) - Fulcrum Capital Partners Inc. has completed its final closing of Fulcrum Capital Partners Fund V receiving $344 million in commitments. This latest fund has surpassed Fulcrum's initial target by 25% due to strong interest from returning and new investors.
As with its previous funds, Fulcrum will invest in Canadian middle-market companies with a focus on industries where Fulcrum has investment experience, including manufacturing, resource services, business services, distribution and logistics, and consumer products. Fund V will invest between $15 and $35 million in companies where Fulcrum sees opportunities to grow and to increase value on exit through active management and collaboration with founding shareholders and management teams.
Since the initial closing in December, Fulcrum has deployed $70 million of this capital across three platform investments and one follow-on acquisition.
"We are pleased with the results of our fundraising program and with these initial investments," said Neil Johansen, Managing Partner of Fulcrum. "The success of this fundraising reflects investors' confidence in the opportunity available in the Canadian middle market and the strong track record of the Fulcrum investment team over the past 15 years. In addition to the support from Canadian investors, we are proud of the participation of a group of highly regarded international investors."
For further information about these investments, Fund V or Fulcrum Capital Partners, please visit www.fulcrumcapital.ca.
Fulcrum Capital Partners
Fulcrum is a Canadian based private equity investor with over $750 million of assets under management actively investing in the Canadian middle market. From offices in Toronto and Vancouver, Fulcrum invests in private companies in a broad range of industries in communities across Canada.
Contact Information:
Chief Financial Officer
Fulcrum Capital Partners Inc.
(604) 631-8060
johan.lemmer@fulcrumcapital.ca
www.fulcrumcapital.ca