Imperial Capital Fund 6 secures additional commitments

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By Ted Liu

Imperial Capital Group Ltd., a Toronto based mid-market PE firm, has raised $15.18 million from 24 high net worth individuals (HNWIs) for its sixth fund, Imperial Capital Acquisition Fund VI, bringing the fund size to $366.83 million from 242 limited partners (LPs).

Continuing to be backed by HNMI LPs, Fund VI, for first time, secured $85 million from 5 institutional investors under an institutional parallel fund. Known LPs include Export Development Corporation (EDC).

Imperial Capital Acquisition Fund V, a 2012 vintage fund, closed at $295 million in March 2014.

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