Banyan Capital Partners Completes the Closing of its Committed Capital Fund at $216m

Banyan Capital Partners, a leading Canadian middle market private equity firm, is pleased to announce it has closed the fundraising for its first tranche of committed capital at $216m in a newly created evergreen fund, Banyan Committed Capital.

Funding was provided by high net worth investors of Connor Clark & Lunn Private Capital, Connor, Clark & Lunn Financial Group, and the principals of Banyan. With this first committed capital raise, Banyan aims to build a sustainable, diversified portfolio of value-oriented private equity investments.

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Banyan will continue with the long-term, partnership-focused investment philosophy and approach which has led to its success since 2008. Unlike traditional private equity firms, Banyan has the ability to hold its investments for up to 50 years.

Banyan will seek to make equity investments in the range of $10 million to $50 million in businesses with an established track record of generating annual EBITDA in the general range of $5 million to $15 million. Additional fundamental characteristics of targeted businesses include; a Canadian or U.S. headquarters, a clear competitive advantage, identifiable growth opportunities and the existence of, or potential to, generate significant free cash-flow.

Source: Yahoo Finance

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