CAI Capital Partners, which is co-led by Tracey McVicar, closes its sixth fund. The Vancouver, BC private equity firm said it hit its hard cap by raising 125 million Canadian. CAI, which last year held a first close of undisclosed size, had gone out with a target of 100 million Canadian. The firm secured capital from more than 80 investors.
CAI has used the fund to so far make three investments: Ansan Traffic Group, Ltd., a provider of traffic management and control services; RebalanceMD, an operator of medical clinics that provide musculoskeletal care; and CMT Engineering Laboratories, a provider of civil and geotechnical engineering services.
Tracey, one of three firm partners, chairs Anson’s board and was also involved in its investment in RebalanceMD earlier this year. She is also chair of firm portfolio companies White House Design Company, Inc. and Feeney Brothers Evacuation, LLC and is on the boards of The Universal Group, Canadian Heating Products, Ltd. and Teck Resources. She joined CAI in 2003.
The firm has invested more than 1.5 billion Canadian in companies across North America.