VenGrowth Capital Partners today announced that Friday November 19 will be the final day for new investors in the VenGrowth II Investment Fund Inc.
Launched in January 2000, VenGrowth II is the most well-capitalized national Canadian labour sponsored investment fund with $477.8 million in total net assets and over 100,000 existing investors as of November 5.
VenGrowth II is invested in a diversified portfolio of 64 companies, predominantly later-stage venture capital opportunities with excellent growth prospects.
VenGrowth says capping the fund maximizes long-term return potential for shareholders of VenGrowth II in two ways: it will allow the portfolio to reach a fully-invested position; and enable the fund’s investment managers to reduce the number of new investments in younger companies that will still take years to mature.
The VenGrowth III Investment Fund, VenGrowth II’s successor and the third in VenGrowth’s diversified fund series, was launched in October 2004.
VenGrowth II to be capped after November 19
Final week for new investors in Canada’s largest LSIF
- By: IE Staff
- November 15, 2004 November 15, 2004
- 10:40
IE Staff