PFM Capital Inc. Announces Final Close of Apex III Investment Fund
Regina, Saskatchewan – PFM Capital Inc. (PFM) announces the final close of Apex III Investment Fund Limited Partnership (Apex III) at $103,400,000. Apex III is the successor fund in the Apex series of funds managed by PFM and is focused on a diversified portfolio of Western Canadian private equity investments.
Apex III provides institutional and accredited investors with access to participate in equity, near-equity or subordinated debt investments in mid-market private Western Canadian based companies that offer the potential for substantial capital appreciation or income generation. Focusing on the key industries that drive Western Canada’s economic strength – energy, value-added agriculture, industrials and manufacturing – capital is primarily deployed for the purposes of expansion, acquisition, or completing a management buyout.
Apex III builds on the success of its predecessor funds. Apex II Investment Fund LP which had a final fund size of $88.2 million, was launched in 2014 and Apex Investment Fund LP which had a final fund size of $95.3 million, was launched in 2007. Additionally, while PFM welcomes new Limited Partners to the Fund, many Apex III Limited Partners have participated in at least one other PFM-managed fund, demonstrating strong investor confidence in PFM’s investment strategy.
“Apex III will target mid-market companies with an enterprise value of between $20 and $50 million,” said Jeff Linner, PFM’s Chief Investment Officer. “Many of the major industries throughout Western Canada continue to see strong growth and a consistent need for management buyout transactions and Apex III is uniquely poised to take advantage of those trends.”
Apex III has already invested $10 million and anticipates placing the rest of its capital into a diversified portfolio of companies across Western Canada.
For more information, please contact:
Sarah Laxdal, Communications Manager
PFM Capital Inc.
P: 306-791-4813 E: sarahlaxdal@pfm.ca
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About PFM Capital Inc.
PFM Capital is Saskatchewan’s largest private equity investment firm with over $850 million in capital raised across several funds. Based in Regina, PFM’s niche focus allows investors to benefit from the Prairies’ economic strengths by taking advantage of the firm’s established local network and long-term track record. PFM is employee-owned and has been managing private equity and venture capital funds since 1993.
