BDC funds, advises 56k entrepreneurs, up 14 pct from last year
Business Development Bank of Canada (BDC) today provides financing and advisory services to 56,000 entrepreneurs, a record number and up 14 percent from last year, according to BDC's fiscal 2018 annual report. Capital managed by BDC Capital, the mezzanine, growth equity and venture capital investment arm of BDC, currently totals more than $3 billion, the report said. The mid-market portfolio of the Growth and Transition Capital division also reached a major milestone in fiscal 2018, exceeding $1 billion in investments. BDC reported earned consolidated net income of $818.3 million in fiscal 2018 as well as a payment of a $69.7 million dividend to the Canadian government.
26 July 2018•5 mins read
