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Chris Johnson, Crown Capital

Crown Capital Partners announces USD50m upsizing of Crown Capital Fund IV


Crown Capital Partners, a provider of growth capital to mid-market companies, has completed a USD50 million closing for Crown Capital Fund IV, bringing the current total capital committed to the Fund to USD225 million.

To date, USD190 million has been invested by the Fund in nine transactions, and, net of repayments, USD167 million is currently invested.
 
"This upsizing further underscores the quality of our growing portfolio and the strong demand from our institutional limited partners," says Chris Johnson (pictured), Crown's President & CEO. "We continue to deliver on our key milestones. We have completed four transactions to date in 2017, adding USD80 million of new investments in Crown IV LP. In addition, we continue to increase Crown's funding capacity, which we will use to capitalise on the demand for customised financing solutions in Canada's middle market."
 
Crown 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 USD300 million, with additional closings expected up until September 2018 as financing opportunities are identified. Crown, through its wholly-owned subsidiary Crown Capital Funding Corporation, increased its capital commitment to the Fund by approximately USD21.0 million to USD82.2 million.  After this closing, Crown holds an approximate 36.5% interest in the Fund.

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