PELOTON CAPITAL MANAGEMENT COMPLETES FINAL CLOSING OF SECOND FUND AT $550 MILLION
TORONTO – September 11, 2024 – Peloton Capital Management (PCM) a Toronto-based private equity firm with a long-term approach to middle-market buyouts in the North American market, announced today that it has closed its second fund with total commitments of $550 million. In addition to continued foundational support from Stephen Smith, Chairman of PCM, the firm received commitments from a number of leading institutional investors, financial institutions, and family offices.
PCM Fund II will continue its focus on investing in multi-site services businesses within the Healthcare, Financial, and Consumer verticals, leveraging the team’s extensive experience and deep industry knowledge to identify and capitalize on growth opportunities.
“We are thrilled to have reached this significant milestone,” said Mike Murray, Managing Partner at PCM. “The successful closing of our second fund is a testament to the confidence our investors have in our strategy and our ability to deliver strong returns. We look forward to continuing to build on our track record of success.”
PCM Fund II has invested in three portfolio companies to date; Billyard Insurance Group an insurance brokerage headquartered in Welland, Ontario; Trilogy Financial Services a wealth management and financial planning firm based in Irvine, California; and Lakefield Veterinary Group a veterinary services platform based in Seattle, Washington.
PCM now manages in excess of $1.3 billion of capital and has partnered with 10 leading platform companies.
Differentiated approach to investments
Unlike many middle-market private equity firms that take a short-term, generalist approach to investing, PCM differentiates itself through its long-term capital and value creation orientation; deep sector expertise and focus on financial services, healthcare, and consumer markets; and relationships-first philosophy.
“Our differentiated strategy and approach to investing has proven to be quite powerful in the market,” said Steve Faraone, Managing Partner at PCM. “It has enabled us to attract world-class investors to the fund and it has positioned us as a very attractive partner to the founders and management teams of the companies we are investing in.”
With Fund II, PCM aims to build a concentrated portfolio of 7 – 10 platform investments in this fund, focusing on well-established, profitable companies that have $5 million to $40 million of EBITDA and present compelling opportunities to build long-term, sustainable value.
About Peloton Capital Management
Peloton Capital Management is a private equity firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for our investors. PCM’s primary focus is investing in multi-site services businesses within the Healthcare, Financial, and Consumer verticals in North America. Headquartered in Toronto, Canada, PCM was founded and is led by a team with extensive private equity experience. For more information please visit: pelotoncapitalmanagement.com.