Private Equity
The Canadian Venture Capital and Private Equity Association (CVCA) has welcomed the launch of Teralys Capital Innovation Fund, which was initially closed this week at $279 million. The CVCA noted that the fund is the second established under the federal Venture Capital Action Plan, with $186 million in commitments coming from corporate and institutional investors, and $46.5 million coming each from Ottawa and the Québec government. The fund is managed by Montréal-based fund-of-funds manager Teralys Capital.
2 min read · 11 November 2014
CalSTRS sees gains from OrbiMed, Sofinnova, Shasta and GGV.
2 min read · 11 November 2014
Venture capitalists showed increasing caution during the third quarter with median deal valuations falling across most investment stages, a report from the law firm Cooley shows.
1 min read · 10 November 2014
Canadian fund-of-funds manager Teralys Capital has initially closed the Teralys Capital Innovation Fund at $279 million. The new fund, the second market-based investment vehicle to be backed by Ottawa’s $400 million Venture Capital Action Plan (VCAP), has also received commitments from Fondaction CSN, the National Bank of Canada, Desjardins Group, Knight Therapeutics Inc and OpenText Corp. Teralys, which has since 2009 been backed by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec, was flagged in a June report by peHUB Canada as the likely manager of a new venture capital partnership between the Québec and federal governments. The new fund will make commitments to investor groups focused on a wide range of emerging technology sectors.
3 min read · 10 November 2014
Software-drivien wealth managers that offer self-service retirement strategies are raising dollars themselves
5 min read · 10 November 2014
The state of venture capital is strong, says NVCA President Bobby Franklin.
3 min read · 06 November 2014
As micro VCs flood the seed market, deal competition, round sizes and valuations rise. A messy down leg could be on the way.
6 min read · 06 November 2014
Two principals with RBC Venture Partners have completed a management buyout of the firm’s investment portfolio and have launched a new Canadian venture firm
2 min read · 06 November 2014
As goes the United States, so goes Europe when it comes to seed-stage investing
1 min read · 05 November 2014
CalSTRS sees gains from NEA, but a decline from ARCH.
2 min read · 04 November 2014
