Imperial Capital smashes target for fifth fund

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canada_170sqCanadian mid-market firm Imperial Capital Group has smashed the target for its latest fund.

Imperial Capital Acquisition Fund V has held a final close on C$295m ($265m), beating its C$250m target, which makes it more than double the size of the firm’s previous vehicle.

The fund will target companies operating in the healthcare, branded consumer products, and business services sectors with revenues of between $20m and $200m.

Imperial Capital co-founder Jeffrey Rosenthal said, “Since our inception in 1989, we have focused on fostering the growth and development of outstanding companies in the healthcare, branded consumer products, and business services industries.

“We are gratified to see this new fund being oversubscribed, which we believe reflects the strength of our investment strategy and past successes.”

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