HarbourVest Canada Growth Fund nets $375 mln in final close
Boston-based asset manager HarbourVest Partners has closed its venture fund of funds HarbourVest Canada Growth Fund at $375 million. HarbourVest Canada, the fourth and final fund closed in partnership with Ottawa's Venture Capital Action Plan (VCAP), received two-thirds of its committed capital from institutional, corporate, high-net-worth investors and other limited partners based in Canada, the United States and Europe. Led by HarbourVest Principal Senia Rapisarda, the fund has since its initial close last year committed money to a range of Canadian and international venture capital funds. It has also invested directly in Canadian companies, including Intelex Technologies Inc. HarbourVest Canada's close brings total fundraising by VCAP-backed funds to $1.36 billion.
