Funds/Firms

Wealthsimple drives up value of IGM corporate investments

Ted Liu

IGM Financial reported fair value of corporate investments at $721.4M at December 31, 2023, up from $602.6M in 2022, driven by $115M increase in Wealthsimple. IGM investments in Portage venture funds barely changed in fair value.

Northleaf final closes Growth Fund at US $212M

CPE News

Northleaf Capital Partners held final close for Northleaf Growth Fund (Canada) LP with US $212M in total committed capital from Mackenzie Financial Corporation and others. Torys LLP acted as legal counsel to Northleaf.

Fiera Private Debt holds $350M initial close for Fund VII

CPE News

John Valentini, Theresa Shutt and Paul Colatrella led Fiera Private Debt held initial close for 7th private credit fund, Fiera Private Debt Fund VII with $350M through a closed-end fund and a separately managed account.

Brookfield Global Transition Fund initial closes at US $10B

Ted Liu

Mark Carney and Connor Teskey headed Brookfield Global Transition Fund II held US $10 billion initial close inclusive of commitments and strategic capital from investors.

Wealthsimple raises $163M for 2 private funds

Ted Liu

Wealthsimple Financial wholly owned subsidiary Wealthsimple Investments Inc. raised $162.63M in aggregated fundraising for two private funds, Wealthsimple Venture Fund I and Wealthsimple Private Credit Fund 1 Trust.

BMO raises $39.9M for Georgian Alignment II Access Fund

Ted Liu

BMO Asset Management raised $39.9M BMO Georgian Alignment II Access Fund LP in first half of 2023, with commitments to US $1B targeted Georgian Alignment Fund II.

Norea Capital launches new $300M Fund II

Ted Liu

Norea Capital launched $300M PE fund, Capital Norea II, with commitments from Groupe Familles d'Affaires Invest L.P., Investissement Québec, National Bank and other investors. Led by Luc Ménard, Norea Capital team includes partners, Paul Corriveau, François Duchesneau, Pierre-Luc Lapointe, Anne-Marie Piette, and Moses Bendayan.

Onex Canada Asset Management funds raise $148M

Ted Liu

Onex Canada Asset Management Inc., a unit of Onex Corporation, reported $148M in fundraising for managed investment funds in 2023.

HarbourVest Partners secures $189.7M for Canada Growth Fund III

Ted Liu

Harbourvest Partners raised $189.7M for third Venture Capital Catalyst Initiative (VCCI) backed fund of funds, HarbourVest Canada Growth Fund III L.P

CBIV final closes Women’s and Children’s Health Technology Fund at US $90M+

Ted Liu

Dr. Annie Thériault and Donna Parr led Cross-Border Impact Ventures held final close for its inaugural women's and children's health technology family of funds with US $90M+.

ArcTern Ventures Fund III final closes at US$335M

Ted Liu

Marc Faucher and Murray McCaig led ArcTern Ventures Fund III final closed with US $335M total commitments from TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management and other investors.

Triptyq upsizes Triptyq Capital Fund I

Ted Liu

Bertrand Nepveu, Charles Sylvestre and Guillaume Thérien led Triptyq Capital Fund I secured additional commitments.

AGF to acquire majority of Kensington Capital Partners

Ted Liu

AGF Private Capital, AGF Management Limited's private markets business, to acquire majority of Kensington Capital Partners Limited. Kensington’s senior managing directors, Tom Kennedy, Richard Nathan and Eamonn McConnell, will continue to manage Kensington, working closely with Ash Lawrence, Head of AGF Private Capital.

Alison Nankivell appointed New CEO of MaRS Discovery District

CPE News

15-members board of directors of MaRS Discovery District hired Alison Nankivell, Senior Vice President, Fund Investments at BDC Capital as it new CEO, effective March 2024, replacing departing Yung Wu.

Golden Ventures launches Fund V

Ted Liu

Matthew H. Golden led Golden Ventures launched fundraising for fifth fund, Golden Venture Partners Fund V which also includes a parallel fund.

TorQuest Partners final closes TorQuest Partners Fund VI at $2.1B+

Ted Liu

Brent S. Belzberg led TorQuest Partners held final close for TorQuest Partners Fund VI with $2.1B in committed capital from external investors including Export Development Canada (EDC) with commitment of $50M+.

Vistara Technology Growth Fund V initial closes at US$150M

Ted Liu

Randy Garg and Noah Shipman led Vistara Technology Growth Fund V held US $150 million initial close towards its target of US $400 million.

Sixty Degree Capital Fund III final closes at US $250M

Ted Liu

Robert Guo led Sixty Degree Capital Fund III final closed at US $250M

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