Peloton Capital Management Closes First Fund, at $550M

Peloton Capital Management

Peloton Capital Management, a Toronto, Canada-based private equity firm with a long-term approach to middle-market buyouts in the North American market, closed its first fund, at $550m.

The Investment Management Corporation of Ontario (IMCO), an Ontario public fund manager with $73.3 billion of assets under management, has invested in the fund alongside Canada’s largest banks and Stephen Smith, Chairman, CEO, and co-founder of First National Financial Corporation and Chairman of PCM. In addition, several institutional investors, high net worth individuals and family offices have also made commitments to the fund.

Led by Steve Faraone, Managing Partner, and Mike Murray, Managing Partner, 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 businesses and create attractive returns for investors. PCM’s primary focus is investing in services businesses within the Healthcare, Financial, and Consumer verticals in North America.  

The firm aims to build a concentrated portfolio of 7 – 10 platform investments from this first 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.

Since the firm’s inception and launch of its first Fund, PCM has invested nearly 50% of the committed capital across five companies in the healthcare services and financial services sectors.