TorQuest Closes Fund IV at $925 Million
29 Jun, 2016, 08:07 ET
TORONTO, June 29, 2016 /CNW/ - TorQuest Partners today announced the final closing of TorQuest Partners Fund IV, with $925 million of committed capital.
TorQuest IV will apply the firm's established and highly successful middle-market investment and operating strategy of partnering closely with management teams to create value through strategic change, operational improvements, and the successful integration of accretive add-on acquisitions.
"We very much appreciate the ongoing trust and confidence of our limited partners," said Brent Belzberg, Senior Managing Partner. "We will continue to execute the same strategy with the same team that has delivered attractive investment returns for our partners, and established a strong reputation among business owners and management teams, and across the Canadian business and financial communities."
TorQuest had set a target of $750 million for Fund IV, with a hard cap of $925 million.
About TorQuest Partners
Founded in 2002, TorQuest Partners, is a Canadian-based manager of private equity funds. With more than C$2 billion of equity capital under management, TorQuest invests in middle market companies, and works in close partnership with management to build value. To learn more about TorQuest Partners, visit www.torquest.com.
SOURCE TorQuest Partners
For further information: Media Contact: Olena Lobach, Longview Communications, (416) 649-8009
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