Northleaf Capital Partners, a Canadian private markets fund manager, launched and held the initial closing of Northleaf Venture Catalyst Fund II.
Started as part of the Government of Canada’s Venture Capital Catalyst Initiative, NVCF II provides investors with access to Canada’s top venture capital funds as well as direct investments in high-potential, innovative Canadian companies.
NVCF II is the latest in Northleaf’s series of Canada-focused venture capital funds and builds on the firm’s experience and track record of investing and managing similar public/private investment partnerships, including:
– the Ontario Venture Capital Fund, launched in 2008, and
– Northleaf Venture Catalyst Fund I, launched in 2014.
Both OVCF and NVCF I have completed their investment programs and have generated returns through investments in more than 20 Canadian venture capital funds and 19 high-growth technology companies.
In addition to the Government of Canada, which invested in NVCF II through BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), a number of Canadian institutional investors who were also investors in OVCF and NVCF I participated in the Fund’s initial closing. These first-close investors include Canada Pension Plan Investment Board (CPPIB), Sun Life Financial and TD Bank Group, as well as a number of high net worth and family office investors.
Additional closings will be held in 2019.
Northleaf Capital Partners is an independent global private markets fund manager with US$12 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Its 120-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally.
Northleaf’s portfolio includes more than 250 active investments in 14 countries, with a focus on mid-market companies and assets.