TriWest Capital Partners Announces the Closing of its $250 Million Third Fund
CALGARY, July 25 – Building on its previous success, TriWest Capital Partners has closed its third fund, TriWest Capital Partners III, L.P. (“Fund III”), with commitments totaling $250 million. Strong relationships with its existing and two new Limited Partners allowed TriWest to complete the fundraising process within three months. TriWest’s investment strategy for Fund III will remain consistent with that of its previous two funds. It will make significant equity investments in profitable mid-sized Canadian companies in partnership with existing management teams. TriWest will seek to generate superior financial returns through the pursuit of growth opportunities and a focus on operational excellence. Fund III will target companies with operating earnings in the range of $10 million to $40 million (or higher in certain circumstances). In conjunction with the closing of Fund III, Chad Danard and Ryan Giles were both appointed Vice Presidents.
Founded in 1998, TriWest is one of Canada’s leading private equity firms with over $425 million of committed capital. It is entrepreneurial, independent and based in Western Canada. The principals of TriWest have significant operational and financial expertise, making them effective partners in creating shareholder value. TriWest participates in growth financings and recapitalizations and will pursue opportunities in any industry with the exception of real estate, technology and primary resource development.
For more information, please contact:
Jeff Belford, Managing Director
Cody Church, Managing Director
Lorne Jacobson, Managing Director
Kevin Jenkins, Managing Director
TriWest Capital Partners
Suite 3210, 150-6th Avenue S.W.
Calgary, Alberta T2P 3Y7
(403) 225-1144 www.triwest.ca