Northleaf Venture Catalyst Fund Reaches $300 Million Hard Cap

Jul 23, 2015

July 23, 2015 11:28 AM Eastern Daylight Time TORONTO–(BUSINESS WIRE)–Northleaf Capital Partners (Northleaf) is pleased to announce that Northleaf Venture Catalyst Fund (NVCF or the Fund) recently held its final closing achieving its maximum fund size of $300 million. The Fund’s final closing included new commitments from Sun Life Financial and a number of high net worth and family office investors, as well as additional commitments from existing NVCF investors. As part of Northleaf’s broader global private markets investment business, the successful closing of NVCF brings Northleaf’s total capital commitments to approximately $6.9 billion. “Northleaf Venture Catalyst Fund is the first fund under the Federal Government’s Venture Capital Action Plan to reach its maximum fund size, and we are delighted with this milestone,” said Finance Minister Joe Oliver. “The additional capital will help ensure the country’s venture capital ecosystem is stronger, while encouraging a more innovative economy. To read more click here