Catalyst Fund III closes with capital commitments in excess of US$1 billion
On April 13, 2011, private equity investment firm The Catalyst Capital Group Inc. announced the final closing of its most recent investment fund, Catalyst Fund Limited Partnership III, with in excess of US$1 billion of capital commitments. The Fund will invest in distressed or undervalued Canadian situations where it can exercise control or have significant influence in the outcome.
Catalyst employs a highly disciplined investment process and adheres to strict risk controls. Catalyst focuses on established companies with strong market positions that are undermanaged, undervalued or poorly capitalized.
Catalyst Fund Limited Partnership III is the largest distressed and undervalued investment fund in Canada and benefits from a dedicated Toronto based management team of investment professionals with significant expertise with regard to the Canadian legislative, financial and restructuring regimes as well as demonstrated experience and success in managing complex situations and implementing operational, strategic and financial changes in Canadian related situations that result in substantial unlocked value.
Catalyst was advised in the establishment of this fund, as well as the earlier establishment of Catalyst Funds I and II, by Fasken Martineau with a team that included Jon Levin, Alan Schwartz, Peter Vair and Sean Stevens.