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EDC commits to venture capital fund

EDC has backed McRock Capital's internet-of-things-focused VC fund.

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Institution: Export Development Canada
Headquarters: Ottawa, Canada
AUM: CA$66.79bn

Export Development Canada has made a commitment to McRock Capital’s Fund II, according to a press release on the fund manager’s website. The second series venture capital fund has just held a first close at CA$80 million and is targeting investments around the Industrial Internet of Things (IOT).

As illustrated below, all of EDC’s commitments to private equity funds with a 2014 vintage or later have been to venture capital funds, with the majority focused on North America.

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