Northleaf Venture Catalyst Fund commits $60 million to two leading Canadian venture capital funds

Feb 12, 2014

Lead investments in XPV Capital and Georgian Partners launch program of investing in high-potential Canadian venture funds and companies

TORONTO (February 11, 2014)  Northleaf Venture Catalyst Fund (NVCF) today announced that it has made its first two fund commitments totalling $60 million to leading Canadian venture capital funds XPV Water Fund II and Georgian Partners Growth Fund II.

“We are pleased to have made a lead commitment to two of Canada’s most promising venture capital funds,” said Melissa McJannet, Managing Director of Northleaf Capital Partners, the manager of NVCF. “The investments in XPV and Georgian are the first in what will be a series of commitments from NVCF to Canadian venture capital funds and portfolio companies. These commitments reflect NVCF’s long-term strategy – the construction of a portfolio of best-in-class funds and portfolio companies with sufficient scale and resources to execute their plans and deliver world class returns.”

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