Northleaf Venture Catalyst Fund closes at $300 mln hard cap
Northleaf Venture Catalyst Fund, a venture capital fund-of-funds managed by Northleaf Capital Partners, has closed at its hard cap target of $300 million. The fund, which was launched in early 2014 with the backing of Ottawa's Venture Capital Action Plan (VCAP), raised new commitments from Sun Life Financial and several high net-worth and family office investors. Additional money came from existing limited partners, most of them corporate and institutional investors. The fund has already committed 50 percent of its capital to Georgian Partners, Golden Venture Partners, Relay Ventures, Versant Ventures, Version One Ventures and XPV Capital, as well as to direct investments in eSentire, FreshBooks, Silanis, Vision Critical and Wattpad.
23 July 2015•3 mins read
