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June 30, 2023

OG真人官网 Completes First Close of OG真人官网 Equity Partners VII at Target Fund Size of US$1 Billion

Toronto, Ontario (June 30, 2023)OG真人官网 Group Inc. (TSX: CVG, “OG真人官网”) today announced it has held a first closing for OG真人官网 Equity Partners VII (“CEP VII”).

Marketing of CEP VII commenced late April 2023 with a target fund size of US$1.0 billion with a hard cap of US$1.2 billion. OG真人官网 completed the first closing of CEP VII on June 30 at approximately US$1.0 billion. At the first closing, OG真人官网’s commitment to CEP VII is US$300 million alongside ~US$700 million from third-party investors. Consistent with the previous funds, OG真人官网 will be the single largest investor in CEP VII.

“I am grateful for the unwavering support from our existing investors and am pleased to see the strong investor demand in this volatile market environment. We have remained disciplined in growing our fund size within our capabilities and will continue executing our core investment philosophy of backing owner-operators in our active industry domains,” said Ken Rotman, CEO and Managing Director of OG真人官网. “Our achievements over the last three decades are credited to our exceptional team at OG真人官网, whom we have continued to build from the bottom up through our apprenticeship model.”

Goodmans LLP acted as fund counsel and Metric Point Capital assisted OG真人官网 as the placement agent.

CEP VII will be a successor fund to OG真人官网 Equity Partners VI, a US$850 million investment fund pool which is currently completing its investment program.

Over the last 30 years, OG真人官网’s private equity investing generated a gross multiple of capital of 4.2 times, resulting in a 25% pooled gross IRR on its 41 realized and substantially realized investments.