OCGC seeks fund managers for $137.5M Cleantech fund

Ontario Capital Growth Corporation (OCGC) has issued a call for expression of interests (EOIs) to find fund managers to manage a proposed $137.5M Cleantech Equity Fund.

The 2016 Ontario Budget identified $55 million to develop new approaches to making equity investments by the Government of Ontario in clean technologies firms. OCGC will implement this by establishing one or more limited partnerships in which OCGC will participate as a limited partner on the same terms as the other limited partners.

The expression of interest will identify qualified managers for the formation and management of this Cleantech Equity Fund. It is anticipated that OCGC’s prospective anchor investment will leverage a minimum of one and one-half times (1.5x) in additional capital commitments from other investors.

The deadline for submission of EOIs is March 13, 2017.

Ontario Capital Growth Corporation (OCGC) is Board-governed provincial agency that manages the interest of the Government of Ontario in the $205 million Ontario Venture Capital Fund and the $300 million Northleaf Venture Catalyst Fund. OCGC also manages and operates the Ontario Emerging Technologies Fund.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.