ARC Financial reaches final close for its ninth PE fund

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ARC Financial Corp. (ARC) has reached final close for its ninth private equity fund, ARC Energy Fund 9, with a CAD780 million (US$595.49 million) of capital from institutional investors across Canada, the United States, and Europe. 

Consistent with ARC's prior funds, ARC Energy Fund 9 investment strategy will focus on private Canadian entrepreneurial exploration and production and oilfield service companies. 

FirstPoint Equity Capital Ltd has served as the global placement agent and advisor. 

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