|
Laxman Pai, Opalesque Asia: Canadian-based manager of private equity funds TorQuest Partners announced the final closing of its fifth fund with $1.375 billion of committed capital.
TorQuest Partners Fund V, which was targeting $1.1 billion, will invest in middle-market companies.
Investors in Fund V are a diverse group of institutional investors from around the globe, including public and private pension plans, endowments, sovereign wealth funds, financial institutions, insurance companies, and family offices.
"All of us at TorQuest very much appreciate the continued confidence our limited partners have shown in us," says Eric Berke, Managing Partner.
Limited partners were not disclosed. Export Development Canada (EDC) disclosed it committed $50-100 million to Fund V.
Eric added: "We do not take lightly their trust in us to be responsible stewards of their capital. Our tenured team, many of whom have worked together for over a decade, will continue to execute on a strategy that afforded us success over the past 20 years, solidifying our reputation as the partner of choice among business owners, entrepreneurs, and management teams across Canada while delivering attractive investment returns to our limited partners."
Brent Belzberg, C.M., Senior Managing Partner, said: "Despite how pleased we are to announce today's closing of Fund V, we fully recognize the tremendous disruption and hardship the COVID-19 pandemic is causing for people across the ...................... To view our full article Click here
|
RSS
