Pender holds initial close of mid-stage technology fund
PenderFund Capital Management Ltd has held the first close of a new fund earmarked for investments in mid-stage private and public technology companies primarily located in Western Canada and Western United States. The amount raised by Pender Technology Inflection Fund I was not disclosed. The fund will be co-managed by Maria Pacella, Pender's senior vice president, private equity, and David Barr, the firm's president and CEO. It will target opportunities for developing "fundamental technologies," such as the convergence of health and technology, as well as data-driven technologies. Vancouver-based Pender is a mutual funds manager.
26 February 2018•3 mins read
