Catalyst Capital Group Closes Private Equity Fund with Capital Commitments in Excess of U.S. $1 Billion
Catalyst Capital Group Closes Private Equity Fund with Capital Commitments in Excess of U.S. $1 Billion
Catalyst Fund Limited Partnership III Fund focuses on distressed-for-control investing
Toronto, Ontario (April 13, 2011) The Catalyst Capital Group Inc. is pleased to announce the closing of its most recent distressed-for-control fund, Catalyst Fund Limited Partnership III (“Catalyst Fund III”) with in excess of U.S. $1 billion of capital commitments. Catalyst Fund III hit its “hard cap” of U.S. $1 billion in limited partner commitments and had demand for $1.25 billion. Catalyst’s investment professionals have provided an additional U.S. $20 million in limited partner commitments.
Catalyst Fund III was well received in the market despite difficult private equity fundraising conditions and includes commitments from North American and European institutional investors. Catalyst’s success is in part a reflection of its investment discipline and proprietary processes.
“We are grateful for the support of our limited partners – both existing investors who re-upped, as well as all the new investors who recognized our commitment to them and our ability to excel within the Canadian distressed market,” said Newton Glassman, Managing Partner of The Catalyst Capital Group Inc. “This trust is also built in part on our steadfast commitment to meet and exceed all Institutional Limited Partners Association (ILPA) recommendations in our everyday dealings, as we have done since our founding.”
In addition to Mr. Glassman, the senior Catalyst team includes Gabriel de Alba, Managing Director and Partner, and Jim Riley, Managing Director and Chief Operating Officer.
“Catalyst Capital is very appreciative of the placement agent services provided initially by Credit Suisse and subsequently by Sixpoint Partners,” said Mr. Glassman.
About The Catalyst Capital Group Inc.
The Catalyst Capital Group Inc., a private equity investment firm founded in June 2002, is a leader in distressed-for-control investing. The firm’s mandate is to manufacture risk adjusted returns, in keeping with its philosophy “we buy what we can build.” Catalyst’s Guiding Principles of investment excellence through superior analytics, attention to detail, intellectual curiosity, team and reputation are key to the firm’s success. The Catalyst team collectively possesses more than 70 years of experience in restructuring, credit markets and merchant and investment banking in both Canada and the United States.
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on a diversified set of services and solutions for the middle-market private equity industry. Our core areas of focus include (i) primary fund placement, (ii) secondaries advisory and (iii) co-investments across a wide range of industries, strategies and geographies.
