Peloton Capital Management launches sophomore fund

Ted Liu

Peloton Capital Management (PCM) has launched its second private equity fund, PCM Fund II, L.P. and an parallel fund.

Peloton Capital Management has yet to make any announcement about the pending fund and the target size of the fund.

PCM Fund II will be led by Managing Partners Stephen Smith (chair), Steve Faraone and Michael Murray, Partners Debra Dobson and Gregory Mashinter, and CFO Nora Nestor.

Toronto based Peloton Capital Management is a long-term orientated middle market private equity firm focused on investment partnerships with North American companies with between $5 million and $40 million of EBITDA.

In July 2021, Peloton Capital Management final closed its inaugural fund at $550 million with capital commitments from The Investment Management Corporation of Ontario (IMCO), Canada’s largest banks, Smith, institutional investors, high net worth individuals and family offices. At the time of final closing announcement, PCM said nearly 50% of the fund had been deployed across five completed investments.

photo credit: Peloton Capital Management