Return to search

Distressed-for-control investor Catalyst Capital raises $812 mln for Fund IV

Toronto-based Catalyst Capital Group has raised US$812 million of capital commitments for its fourth distressed-for-control partnership, Catalyst Fund LP IV, exceeding its initial target range of up to US$750 million. Fund IV was backed by existing investors in Catalyst’s other funds, as well as new institutional investors. The firm’s previous partnership, Catalyst Fund LP III, had its final close in 2011 at a hard cap of over US$1 billion. Catalyst’s current portfolio companies include Gateway, Planet OrganicSnowbear and YRC Worldwide.


Mon Oct 7, 2013

Canada’s Catalyst Capital Surpasses Its Target by Raising US$812 Million for its Fourth Private Equity Fund

Catalyst focuses on distressed-for-control investing

The Catalyst Capital Group Inc. is pleased to announce the closing of its most recent distressed-for-control fund, Catalyst Fund Limited Partnership IV, with US$812 million of capital commitments. Fund IV exceeded its initial target range of US$500 million to US$750 million due to strong investor demand.

Catalyst Fund IV was well received in the market despite difficult fundraising conditions and was strongly supported by existing investors in Catalyst’s other funds and additional new institutional investors. Catalyst’s success is in part a reflection of its investment discipline, proprietary processes and a proven track record of more than 10 years of delivering significant risk adjusted returns.

Newton Glassman, Managing Partner, said, “We are delighted with the conviction that existing and new investors have shown in us and our strategy. Our team remains focused on excelling in the Canadian distressed market and generating superior results for our investors.”

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.

Atlantic-Pacific Capital served as the exclusive global placement agent for the fund.

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.

The Catalyst Capital Group Inc.
Jim Riley, 416-945-3003
Managing Director and Chief Operating Officer

Photo courtesy of Shutterstock.