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Crown Capital Partners Announces Upsizing of Crown Capital Fund IV, LP
Crown Capital Partners Announces Upsizing of Crown Capital Fund IV, LP Crown Capit...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Announces Upsizing of Crown Capital Fund IV, LP\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCrown Capital Partners Announces Upsizing of Crown Capital Fund IV, LP\nCanada NewsWire\nCALGARY, July 15, 2016\n\n\n\nCALGARY, July 15, 2016 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or \"the Corporation\") (TSX: CRN), which provides growth capital to successful mid-market companies, today announced it has completed a $25 million closing for Crown Capital Fund IV, LP. (\"Crown IV LP\" or the \"Fund\"), bringing the current total capital committed to the Fund to $125 million. To date, $50 million has been invested in three transactions. \n\nCrown IV LP invests in Special Situations Financing transactions originated and managed by Crown. These consist of senior and subordinated loans with terms ranging from six months to five years, and are structured to limit ownership dilution and provide the borrower client with the ability to focus on growing their business. Crown IV LP has a maximum size of $300 million, with additional closings expected up until September 2018 as financing opportunities are identified.  Crown has committed to invest up to $50 million in Crown IV LP and currently holds a 40% interest in the Fund.\n\n\"We appreciate the continued strong support of our limited partners,\" said Chris Johnson, Crown's President & CEO. \"In addition to further commitments from most of our current investors, we added two new investors on this closing as we continue expanding our limited partner relationships. Looking ahead to the second half of 2016, the conditions for our alternative financing solutions remain strong, which is reflected in a robust pipeline, including several transactions at various stages. We are confident we will achieve our annual capital deployment targets in 2016.\"\n\nABOUT CROWNCrown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from tra...