Catalyst Investors has held the final closing of the firm’s third fund, Catalyst Investors III, with total commitments of USD213m – the firm’s largest fund to date.
Consistent with its strategy in recent funds, Catalyst expects to continue investing in high-growth, lower middle-market cloud computing, wireless infrastructure and digital media companies.
“Catalyst’s cohesive team, proven track record, cogent strategy and commitment to transparency enabled us to attract a number of highly-regarded institutional investors new to our firm,” says Gene Wolfson, partner with Catalyst Investors and head of the firm’s investor relations and business development.
New investors in Fund III include Pathway Capital Management, Healthcare of Ontario Pension Plan (HOOPP), Massachusetts Pension Reserves Investment Management and Liberty Mutual Insurance.
“The investor base of our earlier funds was comprised primarily of financial institutions – mostly repeat investors with whom we had a long history,” says Brian Rich (pictured), co-founder and managing partner of Catalyst Investors. “Due to the Volcker Rule, certain significant investors were restricted from participating in Catalyst Fund III. This successful close is a testament to our ability to attract new institutional investors. We look forward to investing this new fund and helping talented management teams grow their companies.”
