AEC commits $10 mln to Yaletown Innovation Growth Fund
Alberta Enterprise Corp (AEC) has committed $10 million to Yaletown Innovation Growth Fund, the latest vehicle of Canadian growth equity firm Yaletown Partners. The fund is targeted to raise $135 million to invest in emerging-growth technology companies across Canada that are focused on enhancing sustainability and productivity in the intelligent industrial and intelligent enterprise sectors. Last year, PE Hub Canada interviewed Yaletown Partners Brad Johns and Salil Munjal about the fund's strategy for addressing a capital gap impacting mid-stage companies. In late 2016, AEC launched a second Alberta angel co-investment fund, Accelerate Fund II, managed by Yaletown.
21 November 2017•3 mins read
