Fulcrum Capital Partners Has Completed the First Closing of a Cad $200m Buyout Fund: Fulcrum Capital Partners Private Equity Fund IV
HSBC Capital (Canada) Inc. (now Fulcrum Capital Partners) is pleased to announce a C$160 million first closing of its fourth private equity fund, Fund IV. The fund will focus on acquiring, managing and developing privately held companies in the services, manufacturing, and distribution industries, with capable, committed, and invested management teams. The equity investments of Fund IV will range from C$5 to C$25 million, and focus on businesses with an enterprise value of C$10 to C$150 million. The fund will operate primarily in Canada, but may also consider opportunities in the United States. Fund IV will follow the same strategy as Fund III, a C$140 million private equity fund that closed in 2005. A second closing for the balance of the un-subscribed capital in Fund IV is anticipated prior to year-end.