The BC Tech Fund will invest in venture capital funds and emerging technology companies throughout the Province, across ICT, digital media, clean tech, and life sciences/healthcare.
In addition to the BC Tech Fund, the firm is also taking over the management of the separate, fully invested BC Renaissance Capital Fund (BCRCF), the province’s $90 million venture capital fund of funds program initially launched in 2007.
Led by Rick Nathan, Managing Director, Kensington is opening a new office in Vancouver to lead the firm’s management of the BC Tech Fund, as well as its other investments in the Province, headed by newly appointed Managing Director, Dr. Gerri Sinclair.
A Kensington advisory board member since mid-2015, Dr. Sinclair is a technology industry veteran with a career that spans 25 years across mobile and digital media technologies, entrepreneurial business, and government policy.
In this new role, She will also be responsible for building out the Kensington team in the Vancouver office.
Kensington Capital Partners has invested more than $100M into BC over the past several years. Venture Capital investments include BitStew, D-Wave, and Vision Critical, as well as two Vanedge Capital funds. In Private Equity, the firm has invested in several funds managed by Parallel49 Equity (Tricor Pacific).
The first investment from the BC Tech Fund was made in Vancouver-based Mojio, an open platform for connected cars.