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.
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 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.
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.
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 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 launched US $25M Inovia Discovery Fund I focused on early stage VC managers, with commitments from Deloitte Ventures, Canadian Tire Corporation and others.
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.
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 launched Hazelview Ventures II with an initial close for private investors. Fund II will be led by Hazelview Investments' Ugo Bizzarri and Michael Tsourounis.
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.
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.