BDC Capital announced today the launch of Growth Equity Partners Fund II, committing an additional $250 million in capital to support Canadian entrepreneurs.
Having launched Fund I in 2017, Growth Equity Partners, led by Claude Miron, Managing Partner, has invested $175 million in 18 Canadian companies, with capital being used to support organic growth, acquisitions, and ownership transfers.
The Fund II will build on the success of its initial investment strategy. Fund II will provide capital in the form of minority equity, from $3 to $35 million, to bolster working capital for growth, innovation, and acquisitions.
Fund II brings the amount under management by BDC Capital’s Growth Equity Partners to $425 million.
BDC Capital, the investment arm of Business Development Bank of Canada (BDC), is the ultimata investor of the investments by all of its venture capital and private equity funds.
Source: Private Capital Journal
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