New CFO
Mark Bhattacharya joins as Chief Financial Officer.
Private Equity
Toronto distressed-investing firm that takes control or influence positions in troubled and undervalued Canadian companies.
The Catalyst Capital Group, founded in June 2002 and led by Managing Partner Newton Glassman, calls itself a Canadian private equity firm. It specializes in control or influence investments in distressed and undervalued Canadian situations, often by buying debt and leading restructurings. It has raised five funds (plus two parallel funds) with over US$4.3 billion of commitments; current holdings include Cirque du Soleil, Frontera Energy and Gateway Casinos & Entertainment. It is a small Toronto team of senior restructuring, credit and legal professionals, and it publishes no student or analyst program.
0 open roles0 deals5 people42 sources
Takes control or influence stakes in distressed or undervalued Canadian companies, often through their debt, and coordinates Canadian restructurings with U.S. and other jurisdictions' processes.
Examples on the firm's case-study page include leading creditors in Cirque du Soleil's 2020 restructuring and the 2016 recapitalization of Pacific Exploration & Production, later renamed Frontera Energy.
Official Contact page lists one office (200 Bay Street, Toronto). The CFO's official bio, however, gives a Chicago address (70 W. Madison Street), and the firm does not say whether that is a Catalyst office, so this list may be incomplete. This list may be incomplete.
| Toronto | ON | headquarters |
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From the inside
Reasons that work in interviews
4 reasons for Catalyst Capital Group
Distressed and special situations is the mandate, and there is almost no other Canadian seat where you learn it properly.
The firm takes positions others will not and is prepared to litigate, so the work involves legal and structural analysis rather than only financial.
Credit and equity across the capital structure means a wider technical education than a pure buyout fund.
Be ready to engage with the firm's contested public record rather than avoid it: showing you have read about it and still want the seat is the stronger answer.
Coming soon
We’re collecting the real technical and behavioural questions candidates were asked at Catalyst Capital Group, by role and office, and how each round runs.
When they’re in, they’ll be part of BSO Pro, which already has candidate reports for dozens of firms.
Interviewing there sooner than that? Get in touch and we’ll help you prepare.
How juniors get in
Publishes no careers page, job postings or junior team members; there is no public evidence of how it hires juniors.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Programs
Summer Analyst · Canada
At this size the intake is one or two people and rarely posted on a public careers page: it runs through campus contacts, referrals and direct approaches. Treat the absence of a posting as a reason to reach out rather than as evidence there is no seat. BSO has not confirmed a timetable for Catalyst Capital Group on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Bluberi Gaming Canada Inc.
Developer of casino games for electronic gaming machines leased or sold to licensed casinos.
GamingDrummondville, QC
Cirque du Soleil
Live entertainment group producing circus arts shows, multimedia productions, immersive experiences and special events.
Live entertainment
Evolve Biologics
Developer of plasma-derived therapeutics such as IVIG and albumin, spun out of Therapure Biopharma's plasma division.
Biopharma
Frontera Energy
Canadian-listed oil and natural gas explorer and producer operating in Colombia and Peru.
Energy
FrontWell Capital Corporation
Asset-based lender to companies unable to obtain sufficient funding from conventional banks.
Financial services
FullG CRE
Real estate private equity manager investing across property types in debt or equity.
Real estate
Gateway Casinos & Entertainment
Canadian gaming operator with casino properties in British Columbia, Alberta and Ontario.
Gaming
Chief Financial Officer
Finance
Joined Catalyst as CFO in August 2025 from One Queen Capital, a CPP Investments portfolio company, where he was CFO/CCO. Earlier roles at iGan Partners, Morneau Shepell Asset and Risk Management, Burgundy Asset Management, UBS Global Asset Management and the Ontario Securities Commission; started in audit at PwC. Chartered Accountant.
Managing Director and Chief Operating Officer
Executive
Joined in 2018 as COO and Managing Director after serving as a senior partner at litigation firm Lax O'Sullivan Lisus Gottlieb, where he was counsel on much of the Catalyst funds' litigation. Earlier an associate at Blake, Cassels & Graydon. Osgoode Hall gold medallist.
Managing Partner
Executive
Managing Partner and full-time head of Catalyst; serves or has served on boards of portfolio companies such as Gateway Casinos and Therapure Biopharma. Before Catalyst he was a Managing Director at Cerberus Capital Management, working on Canadian restructurings including Loewen, Livent and AT&T Canada. Wharton MBA and U of T law.
Managing Director and Partner
Investments
With Catalyst since its 2002 start, he has served as a director or officer of portfolio companies including Frontera Energy, Gateway Casinos and Therapure Biopharma. Earlier at AT&T Latin America, a founding member of Bank of America's international merchant banking group, and at Bankers Trust in New York. NYU Stern and Columbia MBA.
Managing Director
Investments
Joined Catalyst in 2011 from Goodmans LLP, where he was a partner and co-chair of the banking and finance law group. He was earlier a founding partner of Ogilvy Renault's Toronto office and a partner at Stikeman Elliott. Harvard LLM and U of T law.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Aug 2025
Mark BhattacharyaHire
Chief Financial Officer
One Queen Capital Inc. → The Catalyst Capital Group Inc.
Catalyst hired a new CFO from One Queen Capital, a CPP Investments portfolio company.
Mark Bhattacharya joins as Chief Financial Officer.
Bloomberg reported that Catalyst-controlled Gateway Casinos was seeking about C$1.8 billion (US$1.3 billion) of private debt to refinance loans and pay a dividend to its owners. Only the search snippet was available; whether the deal closed is not verified.
Catalyst leads a creditor group whose restructuring plan brings $375 million of new capital to Cirque du Soleil and takes control of the company in fall 2020.
Catalyst completes a restructuring that converts US$5.4B of Pacific E&P debt to equity; the company is later renamed Frontera Energy.
The Catalyst Capital Group Inc. is founded in Toronto.
No sourced transactions for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
The Catalyst Capital Group Inc. · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
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Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
Catalyst Capital Group · Date unavailable · catcapital.com
BNN Bloomberg · Oct 24, 2024 · bnnbloomberg.ca
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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