BC Discovery Fund discontinues sales, will focus on portfolio assets
British Columbia Discovery Fund (VCC), a retail venture capital fund managed by Discovery Capital Management Corp, has discontinued the sale of its Class A Shares and will not be renewing its distribution prospectus, which lapses on April 15, 2015. The fund, which has $40 million in assets, said it will instead focus on the management and realization of existing portfolio investments. Its portfolio companies include Avigilon Corp, a surveillance solutions platform; quantum computing company D-Wave Systems Inc; and Tantalus Systems Corp, a provider of smart grid communications. Founded in 1986, Discovery Capital is based in Vancouver.
11 March 2015•5 mins read
