The Investment Management Corp. of Ontario has closed three private equity fund commitments totalling $1 billion.
The three funds are: Kohlberg Investors IX, which aims to make control investments in North American middle-market companies in the business services, consumer, industrial manufacturing, health care and financial services sectors: Nordic Capital X, which aims to make control investments in Northern European middle-market companies in the health care, financial services and technology and payments sectors; and North Haven Capital Partners VII, which focuses on control investments in North American middle-market companies in the business services, consumer, industrials, health care and education sectors.
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“As we strive to geographically diversify our portfolio in resilient sectors supported by structural tailwinds, these funds proved to be the right opportunity for us to make a substantial commitment, which we believe will generate sound results for our clients,” said Craig Ferguson, managing director of private equity at the IMCO, in a press release.
“Our flexibility and speed in deploying capital sets us apart in this market and are capabilities that both partners and clients value,” he added. “In combination with establishing strategic manager relationships, we are also scaling our direct and co-investing activities in order to drive additional growth in the private equity portfolio.”