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Over the past three decades CAI, which was originally based in New York, has invested more than $1.5 billion of equity capital in companies across North America. One of its funds, launched in 2008, topped a list of more than 100 global buyout funds of that vintage based on the return on each dollar invested, or net multiple, according to Preqin, a London-based data firm that tracks private capital and the hedge fund industry.
CAI primarily focuses on investing in founder-owned companies, often in sectors that serve industries where services are required by regulation or government.
“As we always have, we are targeting businesses that demonstrate a track-record of cash-flow generation and unrealized growth opportunities,” said Johansson. “In particular, we think there are currently compelling opportunities to partner with companies that provide services to industrial, utility and government clients.”