NVCF debuts with $60 mln commitments to Georgian Partners, XPV Capital funds
Northleaf Venture Catalyst Fund (NVCF), which in Jan. 2014 raised $218 million in its initial close, has made its first two fund commitments totaling $60 million. NVCF backed Georgian Partners Growth Fund II, managed by Toronto-based Georgian Partners, which is focused on investing in expansion-stage enterprise software, Internet and information companies. Georgian Partners' Fund II has been widely reported as having raised $100 million in total in its first close. NVCF also committed to XPV Water Fund II, managed by Toronto-based XPV Capital Corp, which is focused on investing in proven entrepreneurs operating in the global water industry. NVCF is managed by Canadian private markets investor Northleaf Capital Partners. With headquarters in Toronto, Northleaf currently manages $5 billion in institutional investor commitments.
