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Catalyst Raises Over $1.5B in Fifth Canadian Distressed Fund

Date: Dec 01, 2015 @ 07:31 AM
Filed Under: Industry News

Atlantic-Pacific Capital announced the final closing of Catalyst Fund Limited Partnership V (“Fund V”) with over $1.5 billion (CAD$2.0 billion) in capital commitments, significantly above the fund’s target of $1.25 billion. Fund V, which closed at its hard cap, received strong backing from a diverse group of investors, including public and corporate pensions, university endowments, foundations, family offices, and financial institutions located across the US, Europe, Canada and Asia.

The Catalyst Capital Group is a Toronto-based private equity investment management firm founded in 2002 that specializes in control and influence investments in distressed and under-valued Canadian situations. Since inception in 2002, Catalyst has generated exceptional returns with 92% of its capital deployed in senior secured debt and has not experienced a loss in principal since 2006. Additionally, Catalyst funds experience attractive j-curve mitigation by virtue of the firm’s connection and relationship with Callidus Capital Corporation (TSX:CBL), a Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions.

“We appreciate the strong support of our investors and their recognition of Catalyst’s capability to capitalize on Canada’s unique and evolving restructuring environment,” said Newton Glassman, Managing Partner of Catalyst. "We are extremely pleased with Atlantic-Pacific’s professionalism and dedication to helping us efficiently achieve our capital raising goal,” said Gabriel de Alba, Managing Director and Partner of Catalyst.

Brendan Edmonds, Partner at Atlantic-Pacific Capital, said, “Catalyst's sustainable competitive advantages in Canada and its history of generating superior risk-adjusted returns were well received by institutional investors globally.” Alex Leykikh, Partner at Atlantic-Pacific Capital, added, “We are honored to have successfully partnered with Catalyst’s experienced team for a third fundraise.”

Atlantic-Pacific Capital is the largest privately-owned global placement agent and advisory firm dedicated to raising capital for alternative investments. Since its founding in 1995, the firm has executed more than 90 capital raising assignments aggregating over $60 billion for an extraordinary group of alternative asset managers.

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