VCCI-backed Northleaf Venture Catalyst Fund II closes at C$300 mln
Northleaf Capital Partners has closed Northleaf Venture Catalyst Fund II, a fund of funds earmarked for investments in Canadian venture capital funds and technology companies, raising C$300 million. NVCF II, backed by Ottawa’s Venture Capital Catalyst Initiative, closed at its hard cap with the help of institutional, high-net-worth and family office investors. They included BDC Capital, Canada Pension Plan Investment Board, Sun Life and TD Bank Group, which joined the fund’s initial close in December. New money came from Manulife, BMO Capital Partners, clients of BMO Private Bank Asia and others. NVCF II has so far made commitments to Inovia Capital, StandUp Ventures and Versant Ventures. Toronto-based Northleaf is a global private equity, private credit and infrastructure manager.
