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.
PRESS RELEASE
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
Brad Seaman
Managing Partner
bseaman@p49equity.com
Scott Daum
Managing Director
sdaum@p49equity.com
Nick Peters
Managing Director
npeters@p49equity.com
Rob Wildeman
Managing Director
rwildeman@p49equity.com
Jon Dries
Director
jdries@p49equity.com
Jack Westerman
Director
jwesterman@p49equity.com
Matthew Cross
Vice President
mcross@p49equity.com
Matthew Hudson
Associate
mhudson@p49equity.com
Katey Whyte
Analyst
kwhyte@p49equity.com
Paola Yawney
VP of Business Development
pyawney@p49equity.com
Cynthia Dong
Controller
cdong@p49equity.com
Shirlan Haaksma
Executive Assistant – Vancouver
shaaksma@p49equity.com
Wendy Malone
Executive Assistant – Chicago
wmalone@p49equity.com
Additional Investment Committee Members
Rod Senft
rsenft@p49equity.com
Trevor Johnstone
tjohnstone@p49equity.com
Photo courtesy of Shutterstock
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.