The fund from the Business Development Bank’s venture capital arm will co-invest in late-stage scaling companies in any industry. (The Logic)

Talking point: The Growth Venture Co-Investment Fund builds on its predecessor, the Co-Investments Fund, whose portfolio includes Newfoundland-based Verafin, Vancouver’s Aquatic Informatics and Kitchener, Ont.-based Avidbots. The fund has “the capacity to make larger investments over the life of its portfolio,” as VC funding rounds globally continue getting bigger, BDC stated in a press release. The fund follows a spate of new investment vehicles from the Crown corporation. Last month, it launched the $250-million Growth Equity Partners Fund II, which will invest in mid-stage firms, and a $200-million early-stage fund for deep-tech firms. It also recently unveiled several programs and partnerships meant to support Black and Indigenous entrepreneurs.