GrowthWorks Canadian Fund files for protection from creditors
The board of directors of GrowthWorks Canadian Fund, a retail venture capital fund managed by Vancouver-based GrowthWorks, has authorized the initiation of proceedings under the Companies' Creditors Arrangement Act. The fund is seeking a court-supervised process for its ongoing management, disposition of portfolio investments, refinancing of secured payment obligations to Roseway Capital, managed by British venture capital firm Rosetta Capital, and other strategic alternatives.
1 October 2013•3 mins read
