Crown Capital Partners upsizes Crown Capital Fund IV by $50M to $225M

Crown Capital Partners Inc. (TSX: CRWN) has raised $50 million in an additional close for Crown Capital Fund IV, LP., bringing total capital committed to the fund to $225 million.

Crown Capital Partners Inc., through its wholly-owned subsidiary Crown Capital Funding Corporation, increased its capital commitment to the Fund IV by approximately $21.0 million to $82.2 million. After this closing, Crown Capital Partners holds an approximate 36.5% interest in the fund.

To date, Crown Capital Fund IV has invested $190 million in nine transactions, and, net of repayments, $167 million is currently invested.

“This upsizing further underscores the quality of our growing portfolio and the strong demand from our institutional limited partners,” said Chris Johnson, Crown’s President & CEO. “We continue to deliver on our key milestones. We have completed four transactions to date in 2017, adding $80 million of new investments in Crown IV LP. In addition, we continue to increase Crown’s funding capacity, which we will use to capitalize on the demand for customized financing solutions in Canada’s middle market.”

Crown IV LP invests in Special Situations Financing transactions originated and managed by Crown. These consist of senior and subordinated loans with terms ranging from six months to five years, and are structured to limit ownership dilution and provide the borrower client with the ability to focus on growing their business. Crown IV LP has a maximum size of $300 million, with additional closings expected up until September 2018 as financing opportunities are identified.

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.