A new study aimed at attracting more foreign investment into Canadian venture capital and private equity funds was published Wednesday by CVCA – Canada’s Venture Capital and Private Equity Association

“Our venture capital and private equity industry wants and needs more foreign investment”, said Gregory Smith, CVCA president and managing partner of Brookfield Financial.

“We are sending a signal to international investors about allocating capital resources to this dynamic and innovative part of the Canadian financial system. That signal is really a green light. Our members welcome the added presence of international L.P.’s with open arms,” added Smith.

This CVCA study points out the many attractive features of Canada’s venture capital and private equity industry, including:
> a strong record of backing winners;
> a sophisticated infrastructure;
> multi domain expertise; and
> long term growth.

“This study constitutes a step forward in the CVCA’s program to attract more capital from international sources including sovereign wealth funds into the venture capital and private equity industry,” said Smith.

“Our next objective is to reach out proactively to those pools of foreign capital and introduce investors to our industry.”

The study is available to the public on the CVCA website at www.cvca.ca.

IE