Fundraising

Investors include La Caisse, BDC, Investissement Québec, Teralys, the Fonds de solidarité FTQ, CIBC and Fondaction.

The industry is on pace to collect upwards of $94bn this year, an improvement over 2025 but down sharply from previous years.

Europe has proven comparatively resilient, while venture capital – especially in Asia-Pacific – continues to bear the brunt of the industry’s fundraising slowdown.

'We're at sort of the inflection point' of focusing on Southeast Asia, says Allen Taylor of Endeavor Catalyst, which has just closed on $320m for its fifth fund.

The firm started raising the strategy in Q2 and aims to reach final close by Q1 next year as more funds emerge in this space, Private Equity International has learned.

The UK firm's oversubscribed Fund III closed after just five months of fundraising, buoyed by returning LPs such as Sofina, Granite Asia and Hillman Family Foundations, and new LPs including Horsley Bridge Partners.

Tenzin Seldon explains how she convinced LPs like Beneficient, Pivotal Foundation and the Pritzker family to back a first-time climate fund from a solo GP.

LPs committing to Enable Ventures’ $50.3m fund include UnitedHealth Group, Liberty Mutual Investments, Ford Foundation, Ally Bank, Ascension and Weingart Foundation.

SingleSpoke plans to apply AI to traditional mom-and-pop businesses, starting tech-forward platform companies and using M&A to add on legacy players.