VC Funds

AVAC officially rebrands as Verdex Capital

CPE News

Martin Vetter led AVAC Group officially announced changing its name to Verdex Capital

Golden Venture Partners Fund V closes at US $100M

Ted Liu

Matthew H. Golden led Golden VP, Inc. (Golden Ventures) closed fifth fund, Golden Venture Partners Fund V, which also includes a parallel fund, at US $100M

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.

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.

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.

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.

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

Fondaction and Priori T Capital final close Inlandsis II at $130M

Ted Liu

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.

Diagram holds $50M initial close for $60M ClimateTech Fund

Ted Liu

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.

Spring Impact Capital launches Fund I

Ted Liu

Keith Ippel, Olivia Hornby and Graham Day led Spring Impact Capital launched $20M targeted Spring Impact Capital Fund I Limited Partnership with an initial close in Q4 from individuals, family offices and foundations.

True North Fund I launches fundraising

Ted Liu

Chris Albinson and Sean Brownlee led True North Fund I launched fundraising with the backing of Export Development Canada (EDC).

Active Impact Fund III initial closes at $70M

CPE News

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 holds initial close for fund III

Ted Liu

XPV Water Partners held initial close for its third equity fund, XPV Water Fund III Limited Partnership.

Front Row Ventures final closes FRV-CAN-22 LP at $5.5M

Ted Liu

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.

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