Toronto (June 18, 2021) – Imperial Capital Group Ltd. is pleased to announce the final closing of its eighth fund, which was oversubscribed and closed at a hard-cap of US$800 million. Imperial Capital Acquisition Fund VIII attracted significant demand from a unique investor base of over 400 Canadian and International high net worth investors and institutions. Included in this group are a number of institutional investors that are new to Imperial Capital, including MIT and HarbourVest Partners.
"After a short period of hard marketing, we are pleased to have closed our largest fund in Imperial Capital’s history,” said Jeffrey Rosenthal, Managing Partner and co-founder of Imperial Capital. “While we were focussed on fundraising, our Deal Team maintained a steady pace of assessing and developing new investment opportunities and we are very excited to have four strong prospects already in hand. The first of which is expected to close as early as the beginning of July, with the second and third likely to follow before the year-end.”
“The performance and reputation of our team helped to create strong demand for our most recent fund and enabled us to complete the raise in such a short amount of time,” added Justin MacCormack, Managing Partner of Imperial Capital. “Our success has been further amplified by our proprietary Back, Buy and Build investment strategy that we have used to complete our most recent nine investments. This unique approach, individualized for each of Imperial’s investments, has helped our partners and management teams grow their businesses and generate tremendous value for our stakeholders.”
For more information, please contact David Baker.