Yaletown Partners holds first close for its growth fund

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By Ted Liu

Yaletown Partners has held an initial close for its inaugural growth fund, Yaletown Innovation Growth Limited Partnership. Yaletown has yet to make an announcement on the closing.

The fund will invest in emerging growth technology companies across Canada focused on enhancing sustainability and productivity in the Intelligent Industry and Intelligent Enterprise sectors.

Osler, Hoskin & Harcourt LLP acts as legal counsel to Yaletown Partners.

Albert Government funded Alberta Enterprise Corporation (AEC) committed $10 million as part of the first close. In 2016, AEC selected Yaletown Partners as the manager of Accelerate Fund II, an angel co-investment fund.

Yaletown Partners’ previous fund Yaletown Ventures II is a $121 million 2010-vintage early stage fund.

Yaletown Partners is managed by five partners from offices in Vancouver, Calgary, Montreal, and Toronto.

photo credit: Yaletown Partners