{"id":259863,"date":"2013-11-20T17:30:00","date_gmt":"2013-11-20T22:30:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/growthworks-fund-starts-sales-process\/"},"modified":"2017-12-14T12:17:00","modified_gmt":"2017-12-14T17:17:00","slug":"growthworks-fund-starts-sales-process","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/growthworks-fund-starts-sales-process\/","title":{"rendered":"GrowthWorks fund starts sales process"},"content":{"rendered":"<p> Beleaguered labour-sponsored investment fund GrowthWorks Canadian Fund Ltd. said Wednesday it has obtained a court order authorizing the fund to pursue a possible sale of assets, merger or find a new lender.<\/p>\n<p> The Toronto-based fund filed for creditor protection in October. (See <em>Investment Executive<\/em>, <a href=\"http:\/\/www.investmentexecutive.com\/the-last-gasp-for-growthworks-fund-\">The last gasp for GrowthWorks fund?<\/a> Mid-October 2013.)<\/p>\n<p> On Wednesday the fund said CCC Investment Banking, the fund&#8217;s financial, has begun contacting prospective strategic and financial partners interested in a potential merger, sale, investment in, or recapitalization of the fund.<\/p>\n<p> The fund also announced that, as a result of the termination of the management agreement between the fund and Vancouver-based GrowthWorks MV Management Ltd., its former manager, it does not intend to calculate and publish the net asset value of the fund while it remains under creditor protection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fund\u2019s advisor is contacting potential partners<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2538],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/259863"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=259863"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/259863\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=259863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=259863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=259863"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=259863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}