# Peloton Capital Management

> Peloton Capital Management is a Toronto private-equity firm that backs profitable, founder-led North American services companies, generally targeting businesses with C$5 million to C$40 million of EBITDA. Founded in 2018 by former Ontario Teachers' Pension Plan investors Steve Faraone and Mike Murray, the firm differentiates itself with longer-dated capital, concentrated sector expertise in healthcare, financial and consumer services, and hands-on support for organic growth and buy-and-build expansion. It reported more than C$1.3 billion under management after closing its second C$550 million fund in 2024 and announced its 11th platform investment in 2025.

- **Founded:** 2018
- **Headquarters:** Toronto, Canada
- **Founders:** Steve Faraone (Co-Founder and Managing Partner), Mike Murray (Co-Founder and Managing Partner)
- **Team size:** Approximately 28 employees, according to the supplied company record; the public website does not state a headcount.
- **Products:** Long-term private-equity capital, Operational value creation, Buy-and-build support, PCM Fund II
- **Notable:** Closed PCM Fund I at C$550 million in July 2021., Became a signatory to the UN-supported Principles for Responsible Investment., Supported the 2022 combination of 123Dentist, Altima Dental and Lapointe Group, creating a network of nearly 350 supported practices at announcement.

## Products & services

- **Long-term private-equity capital** — Majority and significant minority investments in profitable North American middle-market companies, with longer-dated capital and flexible exit timing.
- **Operational value creation** — Hands-on support for organic growth, talent, technology, finance, governance and other operating priorities alongside management teams.
- **Buy-and-build support** — Capital and acquisition expertise for consolidating fragmented healthcare, financial, consumer and business-services markets.
- **PCM Fund II** — A C$550 million fund focused on multi-site services businesses in healthcare, financial and consumer verticals.

## Achievements

- Closed PCM Fund I at C$550 million in July 2021.
- Became a signatory to the UN-supported Principles for Responsible Investment.
- Supported the 2022 combination of 123Dentist, Altima Dental and Lapointe Group, creating a network of nearly 350 supported practices at announcement.
- Closed PCM Fund II at C$550 million in September 2024.
- Reported more than C$1.3 billion of capital under management in September 2024.
- Announced an 11th platform investment, Starfish Specialty Insurance, in December 2025.
- Promoted Blake Bracalenti to partner in January 2026.

## Latest updates

- **2026-01** — Promoted Blake Bracalenti to partner, Ganden Doherty to vice president, and two finance team members to senior manager.
- **2026-01** — Portfolio company Victoria Park Medispa acquired PHI Medical Aesthetics, entering Alberta and reaching 27 clinics across Canada.
- **2025-12** — Made its 11th platform investment through a significant minority stake in Starfish Specialty Insurance.
- **2024-09** — Completed the C$550 million final close of PCM Fund II and reported more than C$1.3 billion under management.
- **2024-07** — Made a strategic minority investment in Lakefield Veterinary Group while the Desmarais family retained majority ownership.

## Links

- Website: https://www.pelotoncapitalmanagement.com/
- LinkedIn: https://www.linkedin.com/company/peloton-capital-management/

---

Profile page: https://yespress.io/peloton-capital-management
Published by YesPress — https://yespress.io
Last updated: 2026-08-12