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.
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.
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.
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 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.
Harbourvest Partners raised $189.7M for third Venture Capital Catalyst Initiative (VCCI) backed fund of funds, HarbourVest Canada Growth Fund III L.P
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.
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.
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+.
Randy Garg and Noah Shipman led Vistara Technology Growth Fund V held US $150 million initial close towards its target of US $400 million.
Robert Guo led Sixty Degree Capital Fund III final closed at US $250M