Private Equity
Year-to-date total of $26.9 billion well ahead of 2013
2 min read · 29 November 2014
In the United States, wealth management firms, such as mutual funds, have increasingly played a part in the venture capital industry. In contrast, wealth managers in Canada have largely elected to bypass VC, despite embracing other alternative asset classes. In a peHUB Canada exclusive article, Richard Rémillard asks why this is the case and suggests how Canadian wealth managers and VC funds might find common ground.
5 min read · 28 November 2014
DAG Ventures is raising a $300 million sixth fund, DAG Ventures VI, according to a filing with the Securities and Exchange Commission. The fund appears less ambitious than the firm's previous fund, which in 2011 targeted $500 million, according to a filing at the time.
1 min read · 26 November 2014
Artis Ventures said it has raised $51.7 million for a second fund, Artis Ventures II, according to a filing with the Securities and Exchange Commission. The fund has a $3.3 million stake yet to sell and a target of $55 million.
1 min read · 26 November 2014
Venture capital fundraising appears to have slowed in the fourth quarter after a big pick up early in 2014 raised expectations of a banner year.
2 min read · 26 November 2014
SyFy has green lit a new program tentatively entitled "The Bazillion Dollar Club" slated to air next autumn. The program will follow Dave McClure, founder of 500 Startups, and Brady Forrest, who runs the hardware incubator Highway1.
5 min read · 26 November 2014
From seeds to mega-funds, many venture-related stories are vying for having the biggest impact in 2014
3 min read · 25 November 2014
GrowthWorks Atlantic Venture Fund, an Atlantic Canada-focused affiliate of venture capital firm GrowthWorks, has suspended sales and redemptions of its shares until further notice. The fund's board of directors cited a number of factors influencing the decision, including the long term impact of Ottawa's announcement in 2013 to phase out the 15 percent federal labour-sponsored venture capital corporation (LSVCC) tax credit by 2017. Earlier this month, GrowthWorks Atlantic was selected to manage the new Venture Newfoundland and Labrador, a $15 million vehicle that will invest in entrepreneurs and startups in the province.
4 min read · 24 November 2014
According to an announcement on its site, Polaris Partners has raised $450 million for its seventh fund. The LPs were not named. Polaris Partners VII will focus on technology and healthcare. To read the post, visit here.
1 min read · 24 November 2014
Convergence Accel has raised $25 million for its fund focused on backing Indonesia-based early-stage tech firms. The fund seeks to invest in about 25 to 30 companies over the next five years.
2 min read · 24 November 2014
