TorQuest Partners closes fourth PE fund at $925M hard cap
TorQuest Partners has announced the final closing of its fourth private equity fund – TorQuest Partners Fund IV – with $925 million of committed capital. TorQuest IV will apply the firm’s established and highly successful middle-market investment and operating strategy of partnering closely with management teams to create value through strategic change, operational improvements, and the successful integration of accretive add-on acquisitions.
“We very much appreciate the ongoing trust and confidence of our limited partners,” said Brent Belzberg, Senior Managing Partner. “We will continue to execute the same strategy with the same team that has delivered attractive investment returns for our partners, and established a strong reputation among business owners and management teams, and across the Canadian business and financial communities.”
TorQuest had set a target of $750 million for Fund IV, with a hard cap of $925 million.