Toronto-based Imperial Capital Group, a Canadian middle-market private equity firm, has staged the final closing of its fifth fund at C$295 million.
Imperial Capital Acquisition Fund V exceeded its $C250 million target, attracting more than 200 Canadian and international high-net-worth investors alongside several institutional investors.
Fund V will continue to invest in companies with revenue between $20 million and $200 million in targeted industry niches.
"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, in a statement. "We are gratified to see this new fund being oversubscribed, which we believe reflects the strength of our investment strategy and past successes."