February 17, 2015 – Building on the success of its previous four funds, TriWest Capital Partners (“TriWest”) has closed its fifth fund (“Fund V”) with commitments totaling $500 million. TriWest is pleased to have received continued support from its existing Limited Partners, together with new commitments from institutional investors in both Canada and the United States.
TriWest’s investment strategy for Fund V will remain consistent with that of its previous four funds. Fund V will make significant equity investments in profitable, mid-sized Canadian companies in partnership with existing management teams and will seek to generate superior financial returns through the pursuit of growth opportunities and a focus on operational excellence. Fund V will invest in diverse industries with the exception of real estate, early-stage technology and primary resource development, and will target companies with operating earnings in the range of $10 million to $50 million (or higher in certain circumstances).
In conjunction with the closing of Fund V, Jon Spencer has been promoted from Vice President to Principal and Dave Connolly has been promoted from Senior Associate to Vice President.
About TriWest Capital Partners
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms. We have raised over $1.25 billion in committed capital through five funds and have invested in 32 companies to date. These investments have involved the acquisition of market-leading companies through management buyouts, growth financings, corporate divestitures and other special situations. TriWest provides more than just capital. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value.