The Growth Equity Partners Fund II will provide $3 million to $35 million, a minority equity stake, for growth, innovation and acquisitions for mid-market businesses. (The Logic)
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The Growth Equity Partners Fund II will provide $3 million to $35 million, a minority equity stake, for growth, innovation and acquisitions for mid-market businesses. (The Logic)
Talking point: The fund’s first investment is in Vaughan, Ont.-based Pliteq Holdings, an acoustics-product maker. With the new fund, BDC Capital’s Growth Equity Partners will be managing $425 million. BDC launched the first fund in 2017. It has invested $175 million in 18 companies. Earlier this month, BDC Capital launched a $200-million Deep Tech Venture Fund to invest in seed and Series A funding rounds for 15 to 20 startups. The funding moves come as BDC’s new CEO, Isabelle Hudon, prepares to take the helm later this summer, as the Crown corporation is tasked with helping the COVID-19 recovery.
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