Peloton Capital Management holds additional close for PCM II – updated

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By CPE News

Peloton Capital Management Inc. (PCM) has hold an additional close for its sophomore fund, PCM II.

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In December 2022, Peloton Capital Management announced first close of PCM II with $425M in aggregate commitments.

PCM II will continue to be led by General Partners (GPs), Stephen J.R. Smith, Chairman & CEO of First National Financial Corporation (TSX: FN) and Chairman of PCM, and Managing Partners, Steven T. Faraone and Michael A. Murray.

Toronto based Peloton Capital Management is a Canadian private equity firm with a long-term approach to middle-market buyouts in the North American market.

In January 2021, PCM final closed its inaugural fund at $550 million with commitments from The Investment Management Corporation of Ontario (IMCO), alongside Canada’s largest banks, Smith, several institutional investors, high net worth individuals, and family offices.