Northleaf Capital Partners, a Toronto, Canada-based private markets investment firm, held the final closing of its latest fund of funds, at $300m.
Northleaf Venture Catalyst Fund II is Northleaf’s third Canadian venture capital fund and forms part of the Government of Canada’s Venture Capital Catalyst Initiative.
NVCF II received commitments from Manulife, BMO Capital Partners, clients of BMO Private Bank Asia and other high net worth and family office investors, which joined initial commitments from BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Canada Pension Plan Investment Board (CPPIB), Sun Life and TD Bank Group.
Launched in December 2018, NVCF II has begun to buils a diversified portfolio of investments, having committed to three venture capital fund managers:
– iNovia Capital,
– StandUp Ventures and
– Versant Ventures.