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Crown Capital Partners Inc. Announces Closing of Crown Capital Fund IV, LP
Crown Capital Partners Inc. Announces Closing of Crown Capital Fund IV, LP Crown C...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Inc. Announces Closing 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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nCrown Capital Partners Inc. Announces Closing of Crown Capital Fund IV, LP\nCanada NewsWire\nCALGARY, Sept. 24, 2015\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN/\n\n\n\nCALGARY, Sept. 24, 2015 /CNW/ - Crown Capital Partners Inc. (\"Crown\") (TSX: CRN) today announced the closing of its fourth special situations debt fund, Crown Capital Fund IV, LP (\"Crown IV LP\" or the \"Fund\") with initial capital commitments of $100 million. The Fund's initial limited partners, including Crown, will contribute a total of $15 million for the initial capitalization of the Fund with further capital calls to be made as funds are required. \n\nCrown IV LP will invest in Special Situations Financing transactions originated and managed by Crown. Crown's Special Situations Financing solutions consist of senior and subordinated loans with terms ranging from six months to five years. These financing solutions are typically secured by the borrower client's business and assets, subject to prior interests of any existing senior lenders in the case of subordinated loans. Special Situations Financing solutions are structured to limit ownership dilution and provide the borrower client with the ability to focus on managing and growing their business. In some transactions, Crown also structures Special Situations Financing solutions to include issuance by the borrower client of warrants, payments in kind, phantom equity or gifted shares. Such bonus features provide the Fund with the ability to participate in the growth of such clients in addition to income from interest payments and transaction fees received from the borrower client. \n\nCrown IV LP has a maximum size of $300 million, with additional closings to occur within the next three years as opportunities are identified to fund Special Situations Financing transact...