Funds/Firms
Front Row Ventures final closes FRV-CAN-22 LP at $5.5M
Front Row Ventures held final close for FRV 2022 LP with aggregate $5.5M in capital commitments from founders, private investors, iNovia Capital, Quebec government and others.
Luge Investment Fund II holds $71M initial close
David Nault and Karim Gillani led Luge Capital held $71M initial close for Luge Investment Fund II. Fund II LPs include CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group, Fonds de solidarité FTQ, Inovia Discovery Fund I.
Avatar Leadership Fund 1 holds $2.5M initial close
Avatar Innovations/Avatar Ventures held $2.5M initial close of inaugural fund, Avatar Leadership Fund 1, anchored by a $750K lead investment from Cenovus Energy Inc. Bryan Trudel will lead as Partner with support David Pratt as Principal of the fund.
ArcTern Ventures Fund III holds initial close
Murray McCaig and Marc Faucher led ArcTern Ventures Fund III held initial close
ATB Private Equity launches 2nd $50M PE fund
ATB Private Equity, private equity investment arm of ATB Financial, launched 2nd $50M PE fund. The fund will continue to be led by Terry Freeman, Head of Investments, and Jan Cerny, Managing Director, with support of Nataliya Kovalenko and Steve Dobbin.
NPC Ventures dba Nàdarra Ventures holds $20M initial close
Malcolm Fraser and Mary Dimou led NPC Ventures, dba Nàdarra Ventures, held $20M initial close of $50M targetted sustainable biotech VC fund with commitments from Farm Credit Canada (FCC), Natural Products Canada (NPC), and family offices.
CPP Investments commits additional $200M to Northleaf PE fund
CPP Investments committed $200M to an evergreen Canadian mid-market mandate managed by Northleaf Capital Partners, bringing total Canadian private equity investments managed by Northleaf to $2.4B
Inovia Capital launches US $25M Inovia Discovery Fund I
Inovia Capital launched US $25M Inovia Discovery Fund I focused on early stage VC managers, with commitments from Deloitte Ventures, Canadian Tire Corporation and others.
Sagard opens Middle East office in Abu Dhabi
Sagard opened first office in the Gulf region in Abu Dhabi, to be led by recently hired Firas Mallah, Managing Director and Head of the Middle East.
AIMCo expands global presence in opening Singapore office
The Alberta Investment Management Corporation (AIMCo) opened Singapore office led by Kevin Bong, AIMCo's Senior Managing Director, Chief Investment Strategist and Head of Singapore.
District Ventures Capital launches 2nd CPG fund
Arlene Dickinson's District Ventures launched 2nd CPG fund with lead investment from Export Development Canada (EDC)
CPP Investments invests in Amazon Reforestation Fund and fund manager
CPP Investments commits US $30M to The Amazon Reforestation Fund and makes $500K equity investment in fund manager Mombak Gestora de Recursos Ltda. which is backed by Bain Capital Partnership Strategies, Kaszek Ventures, Union Square Ventures, CI Ventures, and Byers Capital.
Hazelview Ventures holds initial close for fund II
Hazelview Ventures launched Hazelview Ventures II with an initial close for private investors. Fund II will be led by Hazelview Investments' Ugo Bizzarri and Michael Tsourounis.
ONCAP V holds 2nd close
ONCAP Management Partners L.P. held 2nd close for ONCAP V which will be led by Managing Partner Michael Lay and David Copeland of Onex.
The King of Canadian VC SPVs
A Quebec based IT focused venture capital firm approved to be innovator of Canadian VC fund formation and fundraising, and king of VC special purpose vehicles (SPVs).
AEC invests $10M in Graphite IAF IV LP
Graphite IAF IV held $11.3M additional close with investment from Alberta Enterprise Corporation/Government of Alberta ($10M) which joins MaRS Investment Accelerator Fund (AIF)/Government of Ontario, OMERS, IAF backed entrepreneurs.
Technip Energies invests in Evok Fund II
Technip Energies invested in Mike Biddle and Marty Reed led Evok Fund II, joining Export Development Canada, RBC, TD, Suncor, Cenovus, Alberta Enterprise Corporation (AEC) as LP investors.
CAI Capital Partners holds initial close for Fund VII
CAI Capital Partners held initial close for 7th fund, CAI Capital Partners VII, led by Johansson Curtis, Tracey McVicar, Robbie Wildeman with support of Ashton Herriott.
