Canadian private equity firm Tricor Pacific Capital has rebranded its fifth fund, Tricor Pacific Capital Partners Fund V, and its investment advisory business. The new firm, Parallel49 Equity, takes its name from Tricor’s long-standing deal presence on both sides of the Canada-United States border. Parallel49 Equity, which has offices in Vancouver and Chicago, will invest $400 million in mid-market companies in specialty manufacturing, business services and value-added distribution sectors. The firm will be led by Managing Partners Brad Seaman, Scott Daum, Nick Peters and Rob Wildeman. Rod Senft and Trevor Johnstone, Tricor’s founders, will sit on its investment committee.
Tricor Pacific Capital Fund V Renamed
December 8, 2015
Today we announce that the firm has renamed Fund V and its investment advisory business Parallel49 Equity. The name Parallel49 Equity signifies our roots and presence on both sides of the 49th Parallel, which connects Canada and the United States. It is a fitting reference to our long history of successful investing in middle-market companies across North America. Parallel49 Equity also reflects the value proposition we have pursued since inception – leveraging our deep transaction experience and relationships throughout North America to help middle-market companies thrive and grow on both sides of the border.
Tricor Pacific Capital was founded in Vancouver, Canada in 1996. Shortly after, the Chicago office was opened. This dual presence positioned the firm to become a leading middle-market private equity firm investing in profitable companies throughout North America. Since inception, Tricor Pacific Capital, and now Parallel49 Equity, has managed over C$1.2 billion of total investor capital, and is currently investing its fifth fund with C$400 million in committed capital.
Parallel49 Equity invests in businesses in the specialty manufacturing, business services and value-added distribution sectors, working closely with management teams to create value. While our team has expanded and our geographic focus has broadened beyond our beginnings in the Pacific Northwest, our time-tested and proven strategy remains the same.
We look forward to continuing to work with you under our new name, Parallel49 Equity.
Please visit our updated website (www.p49equity.com), and note our new email addresses below.
Parallel49 Equity Team
VP of Business Development
Executive Assistant – Vancouver
Executive Assistant – Chicago
Additional Investment Committee Members
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