Catalyst Fund Limited Partnership III Fund focuses on
TORONTO, April 13 /CNW/ - The Catalyst Capital Group Inc. is pleased to
announce the closing of its most recent distressed-for-control fund,
Catalyst Fund Limited Partnership III ("Catalyst Fund III"), with in
excess of U.S. $1 billion of capital commitments. Catalyst Fund III hit
its "hard cap" of U.S. $1 billion in limited partner commitments and
had demand for $1.25 billion. Catalyst's investment professionals have
provided an additional U.S. $20 million in limited partner commitments.
Catalyst Fund III was well received in the market despite difficult
private equity fundraising conditions and includes commitments from
North American and European institutional investors. Catalyst's success
is in part a reflection of its investment discipline and proprietary
"We are grateful for the support of our limited partners - both existing
investors who re-upped, as well as all the new investors who recognized
our commitment to them and our ability to excel within the Canadian
distressed market," said Newton Glassman, Managing Partner of The
Catalyst Capital Group Inc. "This trust is also built in part on our
steadfast commitment to meet and exceed all Institutional Limited
Partners Association (ILPA) recommendations in our everyday dealings,
as we have done since our founding."
In addition to Mr. Glassman, the senior Catalyst team includes Gabriel
de Alba, Managing Director and Partner, and Jim Riley, Managing
Director and Chief Operating Officer.
"Catalyst Capital is very appreciative of the placement agent services
provided initially by Credit Suisse and subsequently by Sixpoint
Partners," said Mr. Glassman.
About The Catalyst Capital Group Inc.
The Catalyst Capital Group Inc., a private equity investment firm
founded in June 2002, is a leader in distressed-for-control investing.
The firm's mandate is to manufacture risk adjusted returns, in keeping
with its philosophy "we buy what we can build." Catalyst's Guiding
Principles of investment excellence through superior analytics,
attention to detail, intellectual curiosity, team and reputation are
key to the firm's success. The Catalyst team collectively possesses
more than 70 years of experience in restructuring, credit markets and
merchant and investment banking in both Canada and the United States.
SOURCE Catalyst Capital Group Inc.
For further information:
Managing Director and Chief Operating Officer
The Catalyst Capital Group Inc.