Atlantic-Pacific Capital closes Catalyst Fund IV

By Marc Castro

Oct 07, 2013 11:59 AM EDT

The biggest privately owned global placement firm, Atlantic-Pacific Capital, had announced the final closure of its Catalyst Fund Limited Partnership IV. The amount raised amounted to USD812 million worth of capital commitments. This is well above the initial target of between USD500 million and USD750 million.

The fund is managed by the Catalyst Capital Group of Canada, Fund IV. It had received tremendous global support from institutional investors in continuing its execution of its strategy on distressed-for-control investments. 

The exclusive global placement agent for the fund was Atlantic-Pacific Capital.

According to Atlantic-Pacific Capital Partner Brendan Edmonds, "We appreciated collaborating with Catalyst for a second fundraiser and are pleased that investors recognize Catalyst's capability to capitalize on Canada's unique and evolving restructuring environment, alignment of interests with limited partners and proven record of superior returns."

For its part, Catalyst Managing Partner Newton Glassman said, ":We are grateful for the support of our investors and the confidence they have placed in us. The Atlantic-Pacific Capital team provided a valuable service managing the fundraising process." 

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