Beringer Capital, a Toronto-based private equity firm, has announced the successful final close of Beringer Capital Fund V, raising nearly US$475 million (CAD $690 million), exceeding initial expectations despite a challenging fundraising environment. This marks Beringer's third institutional strategy and will now be referred to as Fund III, aligning with the firm's institutional fund sequence. Fund III targets companies benefiting from digital transformation, focusing on accelerated growth through operational improvements and strategic acquisitions. The fund attracted diverse institutional investors, including pension funds, wealth management firms, and family offices, many of whom are returning investors. Beringer has already made its first investment in Northern Commerce, a leading Canadian digital consulting platform. The firm's disciplined, hands-on approach has earned a strong reputation for delivering exceptional returns, with Fund II performing above expectations and on track to return capital to investors in 2025.
TORONTO, Jan. 16, 2025 /PRNewswire-PRWeb/ -- Beringer Capital, a Toronto-based private equity firm specializing in data and analytics, information, media, marketing, and tech-enabled services, is pleased to announce the successful final close of Beringer Capital Fund V, raising nearly US$475 million (CAD $690 million) in total capital commitments. This outstanding achievement surpasses initial expectations, particularly in the face of a challenging fundraising environment. It reflects Beringer's enduring investment philosophy and the strong support of its deeply committed investor base.
Fund V represents Beringer's third institutional strategy, further building on the firm's established track record of delivering exceptional returns by partnering with visionary entrepreneurs and driving accelerated growth through its distinct value creation framework. As part of a forthcoming refinement in the firm's fund naming convention, Fund V will now be referred to as Fund III, aligning with the sequence of institutional strategies.
This fund continues Beringer's disciplined investment approach, targeting companies poised to benefit from emerging digital transformation trends and growth opportunities in the firm's sectors of focus, as Beringer brings a deep well of industry expertise. By accelerating diversified top-line growth, improving operational efficiencies, and scaling through strategic add-on acquisitions, Fund III is well-positioned to build on Beringer's legacy of success.
"We are deeply honored by the trust and confidence our limited partners have placed in us, especially given the complexities of today's fundraising environment," said Chad Paparoni, Vice President at Beringer Capital. "The success of this fundraise underscores the appeal of our investment thesis and the relationships we've built with our partners over the years."
"This milestone is a testament to the strength of our strategy, the dedication of our team, and our unwavering commitment to creating lasting value for all stakeholders," added Perry Miele, Managing Partner at Beringer Capital. "We are excited to deploy this capital across opportunities that align with our vision and have the potential to drive meaningful, transformational growth for our partners."
Fund III attracted commitments from a diverse range of institutional investors, including public and private pension funds, wealth management firms, financial institutions, family offices, and high-net-worth individuals. A significant share of these commitments came from returning investors in Beringer's prior funds, alongside new investors drawn to the firm's differentiated sector expertise and proven value creation capabilities.
Gil Ozir, Managing Partner at Beringer Capital, stated: "Our extensive industry relationships and targeted approach allow us to proactively identify high-potential businesses and collaborate closely with management teams to scale operations and maximize value. Fund III positions us to build on this legacy and capitalize on unique opportunities in the current market environment."
Since its inception, Beringer Capital has established a reputation for excellence, driven by a hands-on, partnership-focused approach and disciplined bespoke value creation strategies. Fund III has already made its first investment, acquiring a majority stake in Northern Commerce, a leading Canadian digital consulting platform, further demonstrating Beringer's expertise in identifying and scaling high-growth businesses. Additionally, Beringer's prior fund, Fund II (2021 vintage), is fully invested, performing above expectations, and is on track to return capital to investors in 2025, reinforcing the firm's ability to deliver strong results across its strategies.
Lu Cacioppo, Managing Partner at Beringer Capital, added: "While we are pleased to announce the successful close of Fund III, we remain focused on navigating the challenges and opportunities presented by today's economic landscape. Our disciplined approach and deep sector expertise enable us to effectively manage market cycles and deliver consistent value for our investors. Some of the best opportunities emerge during times of uncertainty, and Fund III positions us to take full advantage of these dynamics."
Fund III's investment strategy is aligned with Beringer's longstanding commitment to working closely with management teams to drive value creation through enhanced governance, strategic revenue growth initiatives, operational improvements, and complementary acquisitions.
ABOUT BERINGER CAPITAL
Founded in 2002, Beringer Capital is a private equity firm dedicated to investments in digital transformation and tech-enabled service sectors. With over $1 billion in capital under management, Beringer collaborates with management teams to scale businesses, improve operations, and achieve transformational growth. Operating from offices in Toronto and New York, the firm combines global reach with localized expertise. To learn more, visit https://www.beringercapital.com.
Media Contact
Chad Paparoni, Beringer Capital, 1 416-928-2166, [email protected], https://www.beringercapital.com/
SOURCE Beringer Capital
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