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.”