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Canterbury Raising $82M for Equity Fund

Canterbury Consulting Inc., a Newport Beach-based financial consulting group best known for advising family offices and non-profit organizations, is raising $82 million for a new fund to target private equity fund opportunities.

Its fund will invest in a number of strategies including buyout funds that in turn will invest in companies with $10 million to $100 million annual earnings before interest, taxes, depreciation and amortization (EBITDA).

“This is the less efficient side of the market” compared with larger buyouts, Canterbury Director of Research Stuart Blair told the Business Journal.

“It will provide investors with the opportunity to invest in private equity strategies that implement material change versus basic cost-cutting and financial engineering.”

The fund will also invest in growth, distressed debt and secondary funds.

Canterbury has typically given advice to family offices and non profits on where to invest $23 billion in assets. The firm is now branching out to other areas such as this private equity fund where clients can invest as well as get advice.

“The majority of our clients that gave us indications of interests have come through” on their commitments to this fund, Blair said, adding that the fund raise is expected to be completed by the end of June.

It also raised $350 million in a bond fund during the past six months, Blair said.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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