Announcing Fund V
Parallel49 Equity is pleased to announce the successful closing of PARALLEL49 EQUITY FUND V with aggregate committed capital of C$345 million. Parallel49 Equity is a leading private equity firm that invests in profitable, well-managed, lower middle-market companies in the U.S. and Canada. Since inception in 1996, the firm and its predecessor have managed over C$1 billion of capital invested in companies in the specialty manufacturing, business services and value-added distribution industries. Parallel49 Equity is now actively seeking new investments in these industries.