Private Equity
Canadian venture capital firm BDC Capital has agreed to partner with Startupfest in a series of festivals. Held in the Startupfest village in Montréal's Old Port, the events will aim to share knowledge and best practices, expand networks, and enhance collaboration between key players in the venture capital ecosystem. These will include startup founders, venture capital funds, angel investors and accelerators. The festivals will take place on July 13th.
3 min read · 07 April 2016
The pension manager's early-stage portfolio from 2007 to 2011 includes three funds that boast IRRs above 45 percent
2 min read · 06 April 2016
The Business Development Bank of Canada (BDC) said the Venture Capital Action Plan (VCAP) has achieved its goal of launching four privately-managed funds of funds with a total of $1.35 billion under management. BDC, which helped implement VCAP, said the milestone was reached with the final close of HarbourVest Canada Growth Fund, which followed earlier closes by Teralys Capital Innovation Fund, Kensington Venture Fund and Northleaf Venture Catalyst Fund. VCAP, established three years ago to encourage private sector participation in Canada's venture capital market, succeeded in leveraging $900 million from corporate, institutional and other private limited partners, BDC said.
3 min read · 05 April 2016
Cindy Padnos of Illuminate encourages female entrepreneurs to take on leadership roles and encourage more women to follow in their footsteps
6 min read · 05 April 2016
Boston-based asset manager HarbourVest Partners has closed its venture fund of funds HarbourVest Canada Growth Fund at $375 million. HarbourVest Canada, the fourth and final fund closed in partnership with Ottawa's Venture Capital Action Plan (VCAP), received two-thirds of its committed capital from institutional, corporate, high-net-worth investors and other limited partners based in Canada, the United States and Europe. Led by HarbourVest Principal Senia Rapisarda, the fund has since its initial close last year committed money to a range of Canadian and international venture capital funds. It has also invested directly in Canadian companies, including Intelex Technologies Inc. HarbourVest Canada's close brings total fundraising by VCAP-backed funds to $1.36 billion.
3 min read · 05 April 2016
With only six IPOs, Q1 ranks as the lowest quarter for VC-backed IPOs since Q3 of 2011
2 min read · 05 April 2016
1 min read · 04 April 2016
The new year started off with less hesitation than many in venture feared during the turbulent three months
1 min read · 04 April 2016
5 min read · 04 April 2016
Many expanding companies in Europe are complementing their equity finance with debt and, in the absence of a diversified banking system, are turning to specialized lenders to do so
3 min read · 04 April 2016
