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.
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.
Harbourvest Partners raised $189.7M for third Venture Capital Catalyst Initiative (VCCI) backed fund of funds, HarbourVest Canada Growth Fund III L.P
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
Fondaction Asset Management (FAM) and Priori T Capital held final close for Inlandsis II with $130M in total committed capital from Fondaction and Investissement Québec.
Amélie Foz-Couture and Paul Manias led Diagram ClimateTech Fund held $50M initial close. Investissement Québec and Sagard co-anchored fund with additional commitments from Mavrik, family office of Mark Pathy, Fondaction, Fonds québécois d'amorçage Teralys/CDPQ, individual investors.
Mike Winterfield and Tom Boddez led Active Impact Investments held initial close for Fund III, with over $70M commitments from Northleaf Capital Partners, Fondaction, Co-operators, University of Victoria, Deloitte, and others.
XPV Water Partners held initial close for its third equity fund, XPV Water Fund III Limited Partnership.
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.