VenGrowth Funds were the sales and market share leader among Ontario-based labour sponsored investment fund this RRSP season.
Collectively the VenGrowth Funds raised $54 million in capital over the year ended Mar. 1, 2006. This marks the ninth consecutive RRSP season that VenGrowth funds have been the LSIF sales leader.
“More than ever, financial advisors and investors are acknowledging the importance of capital strength and leadership in the private equity asset class. Our clients take comfort in the fact that VenGrowth has been investing in the Canadian private equity space since 1982, focusing on investment opportunities at the later-stage of the respective venture sectors,” said David Ferguson, managing general partner, VenGrowth, in a release.
With over $1 billion in assets under management, VenGrowth is Canada’s largest private equity and venture capital firm managing both retail and institutional assets.