Westcap Announces Fund III

Largest private equity raise by Sask-based fund manager

On October 13, 2021, Saskatoon-based Westcap Mgt. Ltd. announced the oversubscribed close of Westcap MBO III Investment LP (Fund III).

Fund III, launched in the spring, had a targeted minimum raise of $150 million - representing an increase from previous series Funds. Demand for Fund III led to “the General Partner electing to exercise its option to allo…