Peloton Capital Management (PCM), a Canadian private equity firm with a long-term approach to middle-market buyouts in the North American market, has closed its first fund at $550 million.
The Investment Management Corporation of Ontario (IMCO), an Ontario public fund manager with USD73.3 billion of assets under management, has invested in the fund alongside Canada’s largest banks and Stephen Smith, Chairman, CEO, and co-founder of First National Financial Corporation and Chairman of PCM. In addition, several institutional investors, high net worth individuals and family offices have also made commitments to the fund.
Since the firm’s inception and launch of its first Fund, PCM has invested nearly 50 per cent of the committed capital across five fast-growing and market-leading companies in the healthcare services and financial services sectors.
“The investments we’ve made to date – of which three were closed amid the pandemic – are all performing well,” says Steve Faraone, Managing Partner at Peloton Capital Management. “We are very pleased with the investment partnerships we have already consummated, and several more attractive opportunities are currently being evaluated.”
